SEC Judge Fines Accountants Over CBD Co.'s Cooked Books

Law360 (February 9, 2021, 10:31 PM EST) -- A U.S. Securities and Exchange Commission judge has recommended fining two former partners of a bankrupt accounting firm and permanently banning them from appearing before the agency, after finding their firm ignored signs that CBD company CV Sciences and two other businesses inflated their financial statements.

Administrative Law Judge Jason S. Patil said in an initial decision Monday that Anton & Chia LLP former managing partner Gregory Wahl and former audit partner Michael Deutchman should face sanctions including cease-and-desist orders and fines of $160,000 for Wahl and $40,000 for Deutchman. And the firm's former co-owner Georgia Chung should be banned from...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!