Ex-KPMG Bigwig Settles With SEC On Eve Of Tipping Trial
By Dave Simpson (August 6, 2019, 9:40 PM EDT) -- With a trial looming, a Georgia federal judge has granted approval of the U.S. Securities and Exchange Commission's settlement with a former KPMG LLP partner accused of tipping off a stockbroker about the upcoming acquisitions of three publicly traded companies.
Under the deal approved Friday by U.S. District Judge William M. Ray II, Thomas W. Avent Jr. — former partner-in-charge of the accounting and consulting giant's mergers and acquisitions tax practice for the Southeast region — will be required to pay a $125,000 civil penalty but will not be required to admit to the allegations against him.
Avent, who is accused of...
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