U.S. Securities and Exchange Commission Establishes Specialized Enforcement Unit for Financial Reporting and Accounting

The U.S. Securities and Exchange Commission announced the establishment of a new "Financial Reporting and Accounting Unit" within the Division of Enforcement to strengthen investigations and enforcement regarding financial reporting fraud, accounting violations, and audit misconduct. The unit will be composed of attorneys and accountants with expertise in financial reporting, accounting, and auditing, and will be led by Timothy Zimmerman.