OTHER NEWS - May 29, 1992
SEC Forces Suspension of Accountant: A New York accountant who allegedly missed a $29-million shortfall on the books of defunct government securities dealer Bevill, Bressler & Schulman has agreed to a three-year suspension. To settle Securities and Exchange Commission charges, Andrew L. Epstein agreed not to audit public companies during that time. Epstein, a former partner of Todman & Co. who conducted the 1984 audit, was accused last November of either missing or not disclosing a shortfall in collateral in the firm’s trading accounts with an affiliate. The SEC had maintained that the shortfall was evident from documents included in the audit work papers.
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