SEC Charges Ex-PWC Auditor In Hedge Fund Scandal

Law360, New York (February 10, 2006, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has accused a former partner of accounting giant PriceWaterhouseCooper of engaging in “improper professional conduct” during his audit of three New York-based hedge funds.

The Commission released the news on Friday, announcing that it had issued an order instituting cease-and-desist proceedings against certified public accountant Lawrence A. Stoler.

The SEC has accused the ex-PriceWaterhouse CPA of engaging in inappropriate conduct while auditing three hedge funds: Lipper Convertibles, L.P., Lipper Convertibles Series II, L.P., and Lipper Fixed Income Fund, L.P....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.