Former Chief Risk Officer At Deloitte Charged By SEC

HFA Padded
Mark Melin
Published on
Updated on

The former chief risk officer for Deloitte & Touche pushed the limits of his risk management in a casino that was an accounting client and has been charged by the Securities and Exchange Commission and suspended for at least two years. Taking markers from casino client impaired auditor’s objectivity The SEC charged that James Adams accepted payments that impaired the auditor’s objectivity and impartiality, according to the complaint.  The SEC accuses Adams with “repeatedly accepted tens of thousands of dollars in casino markers while he was the advisory partner on subsidiary Deloitte & Touche’s audit of a casino gaming corporation.” …

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.