• Author Archive

    Peter Thiel’s Pursuit Of Technological Progress; It’s Not About Democracy and It’s Definitely Not About Capitalism – Part 2

    By • Jul 25th, 2016

    One of Peter Thiel’s most interesting ideas is the Thiel Fellowship. It is also his most insidious. In Part 2 of my paper, I talk about borrowing from Timothy Leary, Thiel’s Fellowship initiative, Karl Marx, and the “iron cage” Thiel promotes for anyone not quite as bright as he.



    Peter Thiel Is A Trump Supporter, Convention Speaker But Why?

    By • Jul 25th, 2016

    Peter Thiel gave a closing night speech, and endorsement of Donald Trump, at the Republican convention last week.



    @MarketWatch: Interactive Brokers Weathers Brexit Well

    By • Jun 28th, 2016

    When I saw, as I was monitoring Twitter late Thursday night, that “Go” would prevail over “Remain” I came into work on Friday morning with a different idea for a story about Interactive Broker than I had originally planned.



    @MarketWatch: IEX Becomes an Exchange

    By • Jun 26th, 2016

    Word got out early that the SEC would approve IEX’s application to become a stock exchange on Friday the 17th. As usual, the leak traveled to the big media outlets earlier that week and then the rest of us waited for announcement from the SEC all day.



    New research: Accounting students are not generally psychopaths but some slip through

    By • Jun 17th, 2016

    New academic research says accounting students are less likely to be psychopaths who will commit fraud but surprising admissions by some suggest a reason to be wary.



    Appeals Court says SAIC must face CityTime fraud case

    By • Apr 5th, 2016

    An Appeals Court said there’s enough to proceed on allegations SAIC recklessly disregarded its obligation to disclose potential liability for the CityTime fraud in its March 2011 10K.



    Update: Writing About Equity Market Structure at MarketWatch

    By • Feb 16th, 2016

    One area I am covering now at MarketWatch is market structure, specifically the equity markets. Reforming equity markets is a big ongoing issue, especially after the May 2010 flash crash. Here’s a summary of the articles, updated for a new one on February 3, I’ve written since May on the subject and some background on some of the many controversies.



    Three Accounting-Related Stories At MarketWatch

    By • Feb 15th, 2016

    At MarketWatch I am fortunate that I am not expected to write a story every day, although that’s fine if something comes up like an SEC enforcement order or a spectacular corporate scandal.  I am encouraged, instead, to come up with original analysis of important stories in financial regulation and legislation. We want to add […]



    The SEC vs. The PCAOB and Jim Doty: Impasse or Détente?

    By • Jan 18th, 2016

    Jim Doty’s term as chairman of the PCAOB, the audit regulator, expired in October. All summer since I arrived in Washington D.C., leading up to that date and since, there’s been speculation about whether or not SEC Chairwoman Mary Jo White would reappoint him to the job.



    Best Case Yet For Publishing Audit Partner Names: Grant Thornton’s Koeppel

    By • Dec 14th, 2015

    The PCAOB will vote on final rule based on its proposal on Tuesday Dec 15. If audit partner names were published in the audit report, or anywhere, the public, audit committees, investors and journalists could stop lousy auditors in their tracks. Melissa Koeppel of Grant Thornton is the best case yet for making audit partner names and their engagement history, disciplinary history, and litigation history public.