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New York Targets Consultant Conflicts With PwC Penalty

By Evan Weinberger (August 18, 2014, 6:17 PM EDT) -- New York financial regulators on Monday took direct aim at compliance consultants that fail to sufficiently protect against conflicts of interest when they barred PricewaterhouseCoopers LLP from taking on business from state-registered financial institutions for two years because of its alleged willingness to water down reports at a client's request....

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