PWC fingers ex-employees to SEC

The SEC charged two former PricewaterhouseCoopers employees, Gregory Raben and William Patrick Borchard, with insider trading, accusing them of using client information to buy stock prior to corporate takeovers.

“The good news: PwC turned the two, who were friends, in to the SEC. The bad news: They didn’t go to jail,” says Art Bowman.

“The SEC just restored integrity to the capital markets. All hail the SEC,” says the Skeptical CPA.

Posted on January 21, 2008

Rick Telberg

About the Author

Rick Telberg is a veteran analyst, advisor, commentator, editor, and publisher. He brings a unique background and perspective to research and advisory services for the professional services community.

Mr. Telberg may well be the accounting profession's most widely-known commentator through his long associations with the American Institute of Certified Public Accountants, Accounting Today magazine, and today, CPA Trendlines.

As an expert in management, marketing, media, and e-commerce, Mr. Telberg has served as Senior Editorial Director of Pro2Net Corp., now www.smartpros.com, and as Director of Online Content at CPA2Biz, www.cpa.com.

Previously, Mr. Telberg served as the early Editor-in-Chief of Accounting Today, and as Vice President/Group Publisher at Thomson Financial (now SourceMedia), overseeing Practical Accountant, Accounting Technology, and what is now AccountingToday.com.

Mr. Telberg was presented with a special citation by the National Society of Accountants for service to the profession and has served on a variety of boards and steering committees, including BKR International and the IBM Small Business Advisory Council. He is a graduate of New York University.

Click here for more by Rick Telberg