Murphy & McGonigle, P.C., a leading provider of legal services to the financial services industry, is pleased to announce ten attorneys have been selected for inclusion in 2016 Super Lawyers.
As Congress has held hearings about the unfolding Wells Fargo scandal, several lawmakers have been particularly outraged by claims from numerous former employees that they faced retaliatory firing after trying to stop the improper practices by complaining to bank managers, human resources and compliance staff.
If you are a public company, or audit one, three recent SEC auditor independence cases deserve your attention. Auditor independence cases typically arise from financial, employment or business ties between an auditor and a client or their personnel. The recent cases, however, arose from what the SEC called "inappropriate close personal relationships."
On September 8, 2016, the U.S. Consumer Financial Protection Bureau (“CFPB”), the U.S. Comptroller of the Currency (“OCC”), and the Los Angeles City Attorney (“LACA”) announced that they had settled regulatory enforcement and consumer protection actions against Wells Fargo Bank, NA (“Wells Fargo” or “Bank”), the nation’s second largest bank. As disclosed by the CFPB’s investigation, the nature and scope of the Bank’s misconduct was truly astounding.
Murphy & McGonigle's Steven Feldman is quoted on Philly.com in the article, "Investigations Like Bridgegate Turn on Nuances, Legal Experts Say."