Who Wants to be a Millionaire? Compliance Officer Whistles His Way to a...
Last week the SEC announced an award of between $1.4 to $1.6 million to a whistleblower who provided information that assisted the SEC in an enforcement action. The enforcement action against the...
View ArticleSEC Awards Third Highest Whistleblower Award to Date
On July 17, 2015, the SEC announced a whistleblower award of over $3 million to a company insider who provided information that “helped the SEC crack a complex fraud.” This payout represents the third...
View ArticleSEC Guidance Supports its Position That Internal Whistleblowers are Protected...
On August 4, 2015 the Securities and Exchange Commission issued interpretive guidance elaborating its view that the anti-retaliation provisions in the Dodd-Frank Wall Street Reform and Consumer...
View ArticleEven Whistleblowers Must Pay the Piper
In a heavily redacted decision issued on April 5, 2016, the SEC approved the claim of one whistleblower and denied the claim of another for providing information related to an unidentified enforcement...
View ArticleHere’s a Tip: “Substantial and Important Contributions” to Pre-Existing SEC...
In a move evidencing the SEC’s continued commitment to its whistleblower program, the Commission announced on Friday that it has awarded a whistleblower over $3.5 million for providing information that...
View ArticleThe Whistle Blows Again: SEC Pays Second Largest Whistleblower Bounty Award
On June 9, 2016, the Securities and Exchange Commission (‘SEC”) awarded the second largest whistleblower bounty – $17 million – granted under the Dodd-Frank whistleblower rules to date. Previously,...
View ArticleSEC Reportedly Centralizing Authority to Issue Formal Investigation Orders
According to a report in the Wall Street Journal, the acting Chairman of the Securities and Exchange Commission has centralized authority to issue formal orders of investigation – a critical authority...
View ArticleUnderstanding the New DOJ Guidance: Part 1 – Tone at the Top
In February, the Department of Justice’s Fraud Section offered a new perspective on what the government expects in a compliance program in the form of a series of questions that companies should be...
View ArticleUnderstanding the New DOJ Compliance Guidance: Part Three – Policies &...
This is the third in a series of posts where we will explore critical elements of a successful compliance program. In February, the Department of Justice’s Fraud Section offered a new perspective on...
View ArticleThe Potential Declawing of the SEC: The Financial CHOICE Act
The Financial CHOICE Act (or “CHOICE Act 2.0”), which would significantly narrow the SEC’s ability to bring enforcement actions and make it more challenging for it to prevail in such actions, is...
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