This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 14 °C Wednesday 24 April, 2019
Advertisement

KPMG fires partner in LA office for allegedly sharing insider trading tips

KPMG have now resigned as the auditor of Herbalife “as a result of this individual’s behaviour”.

Image: Sean Dempsey/PA Wire

ACCOUNTING FIRM KPMG has fired a senior partner in charge of its Los Angeles office after they allegedly were involved in sharing insider-trading tips to a third party.

In a statement, KPMG said the third party then used the tips in stock trades involving several West Coast companies.

KPMG have now resigned as the auditor of Herbalife “as a result of this individual’s behaviour” and Herbalife’s shares have been halted from trading.

KPMG has 22,000 partners and employees.

Read: KPMG asks staff to warn them of ‘inappropriate coverage’ of firm on net >

  • Share on Facebook
  • Email this article
  •  

About the author:

Amy Croffey

Read next:

COMMENTS (46)