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Yesterday, the Securities and Exchange Commission ("SEC") charged Citigroup with misleading investors concerning the company's exposure to subprime mortgage-related assets
At an open meeting held today, the five Commissioners of the Securities and Exchange Commission (SEC) voted unanimously to issue a statement reaffirming the SEC’s commitment to determine whether to move U.S. companies towards the use of global accounting standards, or International Financial Reporting Standards (IFRS) for financial reporting, instead of U.S. Generally Accepted Accounting Principles (GAAP
