Music Licensing, Inc. (SONG)
| Previous Close | 0.0002 |
| Open | 0.0001 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.0001 - 0.0002 |
| 52 Week Range | 0.0001 - 47,550.0000 |
| Volume | |
| Avg. Volume | 165 |
| Market Cap | 0 |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
UPDATE 1-US SEC fines UK firm Crowe over audit of music streaming business
The British audit firm Crowe UK, an executive and top auditor have agreed to pay nearly $800,000 to settle charges they falsely claimed to have properly audited a business that went public despite having little to no revenue, Wall Street's top regulator announced on Monday. The settled charges against the London-based audit firm, Crowe CEO Nigel Bostock, and senior auditor Matthew Stallabrass were announced nearly two years after the Securities and Exchange Commission reached a $38.8 million settlement with the purported music streaming business Akazoo, which allegedly defrauded investors out of tens of millions of dollars. Crowe, Bostock and Stallabrass neither admitted nor denied the charges, according to the SEC.
- Reuters
US SEC fines UK firm Crowe over audit of music streaming business
The settled charges against the London-based audit firm, Crowe CEO Nigel Bostock, and senior auditor Matthew Stallabrass were announced nearly two years after the Securities and Exchange Commission reached a $38.8 million settlement with the purported music streaming business Akazoo, which allegedly defrauded investors out of tens of millions of dollars. Following the audit, Akazoo went public through a merger with a special purpose acquisition company (SPAC) in 2019, with financial statements falsely claiming $120 million in revenue for the prior year. "Audit quality and its continuous improvement remain a key priority for the firm," the company said in a statement.
- Reuters
US SEC fines UK firm over bogus audit of music streaming business
The British audit firm Crowe UK, an executive and top auditor have agreed to pay nearly $800,000 to settle charges they falsely claimed to have properly audited a business that went public despite having little to no revenue, Wall Street's top regulator announced on Monday. The settled charges against the London-based audit firm, Crowe CEO Nigel Bostock, and senior auditor Matthew Stallabrass were announced nearly two years after the Securities and Exchange Commission reached a $38.8 million settlement with the purported music streaming business Akazoo, which allegedly defrauded investors out of tens of millions of dollars.
