Author: Emily

The Use of Financial Ratios to Detect Fraud and Financial Manipulation

At the SEC, financial ratio analysis is used in horizontal and vertical capacities to detect potential fraud or financial manipulation. The following are used alongside a variety of other metrics and processes to identify risks:   Earnings Quality Score “What percentage of our net income contributes to cash flow from operations?” Earnings Quality measures the…

Posted In Undergraduate Blog

Sentencing at the Courthouse

I recently had the opportunity to attend a sentencing at the Boston Courthouse for a case that the SEC brought against a local Investment Adviser. Daniel Thibeault, graduate of HBS was the co-portfolio manager and CEO of a collection of companies including Graduate Leverage Beyond Income Fund (GL). GL is a mutual fund that targeted individuals who were…

Posted In Undergraduate Blog

Account Intrusion

Over the past few weeks, I had the opportunity to work on an account intrusion scheme with the Enforcement Division at the SEC. The confidential nature of the Securities and Exchange Commission usually limits the information that I can disclose, however because the case was published in a press release following a court order last…

Posted In Undergraduate Blog

White Collar: Securities and Exchange Commission Internship

My name is Emily, and this summer I have the opportunity to work at the Boston office of the U.S. Securities and Exchange Commission in the Enforcement Accounting Division. The SEC is an agency of the federal government that is charged with protecting investors by maintaining fair and efficient markets. Many of the cases that…

Posted In Undergraduate Blog