SEC Settles With Two Arthur Andersen Employees

Law360, New York (April 15, 2008, 12:00 AM EDT) -- Two former Arthur Andersen LLP auditors have been barred from appearing before the U.S. Securities and Exchange Commission as accountants due to their alleged misconduct in the audit of collapsed WorldCom Inc.

Melvin Dick, 54, and Kenneth Avery, 41, agreed to settle with the SEC without admitting or denying the findings of the commission.

Dick, who is currently not licensed as a certified public accountant, served as a lead engagement partner and was responsible for planning the conduct and scope of the WorldCom audit for the...
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.