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EY hit with record $100M fine by US regulators over employees cheating in ethics exam

By Elizabeth Hearst for AMLi

EY has been hit with a record $100M fine by the US Securities and Exchange Commission, following revelations that its employees cheated in ethics exams.

The SEC also said EY had hindered its investigation into cheating allegations, after EY reps told inspectors there was no cheating despite the issue previously being raised with management. 

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