SEC v. Dohan + Company CPA and others (audit conduct, 2011)
Judgment entered
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In June 2011, an SEC administrative law judge denied Canadian chartered accountant Erez Bahar the privilege of practising before the Commission for two years over his role as manager of the 2007 audit of International Commercial Television Inc.; the proceeding had ended as to the other respondents.
The record
| Agency | SEC |
|---|---|
| Release number | 3-13997 |
| Date filed | 2011-06-27 |
| Date resolved | 2011-06-27 |
| Court | SEC administrative law judge |
| Status | judgment |
| Criminal parallel | No |
| Bars imposed | Two-year denial of the privilege of practising before the Commission as an accountant (Erez Bahar) |
| Defendants | Dohan + Company CPA ; Steven H. Dohan, CPA ; Nancy L. Brown, CPA ; Erez Bahar, CA |
| Techniques |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
The Securities and Exchange Commission announced this matter on June 27, 2011 as release 3-13997. The respondents named are Dohan + Company CPA, Steven H. Dohan, CPA, Nancy L. Brown, CPA and Erez Bahar, CA (3 individuals, 1 entity).
The initial decision concerns whether Bahar engaged in improper professional conduct as audit manager for ICTV, a Washington-based company whose revenue came mostly from one beauty appliance. It is an auditor-discipline case under Rule 102(e) and has nothing to do with wash trading.
This library applies no technique tag to the matter. The matter is auditor discipline, not trading manipulation.
A two-year suspension from appearing or practising before the SEC as an accountant. No money is ordered.
The decision is an initial decision of an administrative law judge; the other respondents had already left the proceeding.
Timeline
- 2011-06-27 Initial decision
Primary documents
Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.