Guggenheim CIO Says Accounting at GPI Unit Was Appropriate
Anne Walsh, chief investment officer of Guggenheim Partners' asset-management business, stated that the firm's accounting practices were 'appropriate' in a unit under regulatory scrutiny. The comments came during an appearance on Bloomberg Surveillance as regulators investigate potential issues with financial reporting within one of its subsidiaries. Walsh emphasized that Guggenheim is cooperating fully with authorities and provided no further details about the nature or scope of the probe, leaving many questions unanswered for now.
Tickers: $GPC
Topics: accounting practices regulation