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SEC Muddles Message With Watered-Down E&Y Fine

By Carmen Germaine (October 19, 2016, 10:38 PM EDT) -- The U.S. Securities and Exchange Commission aimed to send a strong message Tuesday by fining Ernst & Young LLP in the agency's first case against a Big Four firm for audit failures in seven years, but experts questioned whether the penalties were large enough to make other firms take notice....

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