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The controversial enforcement actions have been called a “cash cow” by Commissioner Hester Peirce.
The $17 billion financial firm fired chief executive Dan Arnold for allegedly violating the company’s code of conduct.
The SEC charged the asset manager with misleading clients over changes to its retirement funds, leading to higher tax bills for investors.
Adoption of the cryptocurrency has outpaced other transformative technologies like the internet and mobile phones.
Rest assured, competitors Deloitte, Ernst & Young, and PricewaterhouseCoopers are likely to follow in KPMG’s tracks.