KPMG Tipster Barred

Oct 1 2013 | 9:57am ET

The former KPMG partner who passed confidential tips about several companies the accounting firm audited has been barred from that industry.

The Securities and Exchange Commission said that Scott London accepted a ban on auditing public companies and on practicing as an accountant before the regulator. London pleaded guilty in July to giving confidential information about Herbalife, Skechers USA and other companies to a friend, Bryan Shaw.

Shaw, who gave London more than $70,000 in cash and gifts for the tips, earned about $1 million trading on them. He also pleaded guilty.

London, the former head of KPMG's Pacific Southwest audit practice, will be sentenced in December. He faces up to 20 years in prison.

London's actions forced KPMG to resign as the auditor of Herbalife and Skechers.


In Depth

Q&A: Pantheon’s McCrary Says Private Equity Market ‘Robust’

Dec 17 2014 | 8:32am ET

Dennis McCrary is a partner at Pantheon, a private equity firm with $32.2 billion...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.