On the move: BPM names its next CEO
Plus, CalCPA names its next chair; Deloitte Tax names a chief products officer; and other firm and personnel news from across the profession.
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SEC Charges Toms River Trio in Connection with Alleged $47 Million Fraud Targeting Orthodox Jewish Communities
The Securities and Exchange Commission today charged three Toms River, New Jersey residents for their roles in an affinity investment fraud that raised approximately $47 million from more than 87 investors, who were primarily members of Orthodox Jewish communities in New Jersey and New York. The SEC’s complaint, filed in federal court in the District…
FASB seeks comment on fair value reporting proposal
FASB published a proposed Accounting Standards Update (ASU) intended to improve investment company financial reporting by amending how investment companies measure the fair value of an equity security that is subject to a contractual sale restriction. The deadline for comments is July 17. For investment companies, the proposed amendments would require them to consider a…
Leo DiCaprio teams with Jeff and Lauren Sanchez Bezos on $200 million plan to save 100 endangered species
Foundations funded and co-founded by Leonardo DiCaprio and Jeff Bezos have launched an initiative committing $200 million to revive 100 of Earth’s most threatened species, including endangered lemurs, salamanders, pangolins, pigs and echidnas. DiCaprio’s Re:wild and the Bezos Earth Fund are leading the Phoenix Species Project, the groups announced Tuesday. They call it the largest single fund in history…
Platinum Equity invests in lighting company LMPG
LMPG serves commercial and infrastructure applications across North America LMPG operates a portfolio of seven brands LMPG was founded in 2006 Platinum Equity has made a significant investment in LMPG Inc, a Montreal-based manufacturer of specification-grade lighting solutions. No financial terms were disclosed. LMPG founder François-Xavier Souvay, W Investments, and president and CEO Peter Timotheatos…
NYC Mayor Mamdani’s Rent Freeze Heaps Pressure on a Teetering CMBS Deal
A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors. Mayor Zohran Mamdani’s rent freeze threatens to make it worse. The commercial-property bond, backed by the mortgage on 53 buildings across Queens, Brooklyn, Manhattan and the Bronx, has piled up more than $5.5 million in past-due interest after…
UFC 330 Results: Edson Barboza Retires After TKO Loss
KANSAS CITY, MISSOURI – APRIL 26: A detail shot of the gloves of Anthony Smith after his final fight in the UFC after being defeated by Zhang Mingyang of China in a light heavyweight fight during the UFC Fight Night event at T-Mobile Center on April 26, 2025 in Kansas City, Missouri. (Photo by Josh…
