What are some notable case studies of regulatory violations?

What are some notable case studies of regulatory violations?

There are several notable case studies, such as the Enron scandal, Volkswagen emissions cheating, and the Wells Fargo fake accounts scandal. Would you like details on any specific case?

Can you tell me more about the Enron scandal?

The Enron scandal involved the company's use of accounting loopholes and special purpose entities to hide debt and inflate profits. This led to its bankruptcy in 2001, resulting in significant financial losses for investors and employees.

What were the consequences for the executives involved?

Many Enron executives faced criminal charges, with several receiving prison sentences. The scandal also led to the dissolution of Arthur Andersen, one of the largest audit firms.

How did this scandal impact regulations in the financial industry?

The Enron scandal prompted the Sarbanes-Oxley Act of 2002, which aimed to enhance corporate governance and accountability in financial reporting.