SEC v. World-Wide Coin Investments, Ltd.
United States District Court for the Northern District of Georgia
567 F.Supp. 724 (1983)
Relevant factsFree
An independent audit of World-Wide Coin (defendant) found that any employee could access the company's precious-metals vault without recording removals, and that its accounting records were generally in disarray, producing inaccurate or incomplete financial data; the SEC (plaintiff) sued for violating FCPA Section 13(b).
IssueFree
Whether publicly traded corporations must maintain accurate records of their assets and utilize a reliable system of accounting controls.
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