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Mellon inc is a company with over 500 million in annual

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Mellon Inc is a company with over 500 million in annual sales and assets of 100 million. Mellon is listed on one of the stock exchanges in the U.S. The company uses the cash basis of accounting for financial reporting purposes and a modified Accrual basis for the federal tax return. Mellon has just received a notice from the SEC that it is in violation of one or more SEC rules and regulations.

  1. What do you believe the violation or violations is (are)?
  2. Why would the SEC regulate any part of Mellon's operations, accounting, etc

Reference no: EM13575244

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