Ex-Sentinel Auditor Fined Over Securities Scandal

Law360, New York (October 5, 2010, 1:46 PM EDT) -- The U.S. Securities and Exchange Commission has fined accounting firm Altschuler Melvoin & Glasser LLP, finding it did not properly audit investment company Sentinel Management Group Inc., which went bankrupt amid a securities scandal.

Without admitting guilt, the accounting firm and one of its former partners G. Victor Johnson II agreed to pay a $24,176 fine and abide by a cease-and-desist order to settle allegations that they violated the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940, the SEC said Monday....
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