News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
The SEC has now awarded more than $85 million to 32 whistleblowers since the whistleblower program started in 2011.
Last year it received nearly 4,000 tips — from every state and the District of Columbia, as well as 61 foreign countries.… Continue Reading
Congress could not have been any clearer in its statutory design. Nor the SEC any more outspoken in its revitalized approach to government enforcement. Whistleblower rewards work. Even more, they are an indispensable component of the modern regulatory scheme.… Continue Reading
The Securities and Exchange Commission Wednesday announced a whistleblower award of $325,000 to a former investment firm employee who missed a bigger payout by waiting too long before tipping the agency about a fraud.… Continue Reading
The former head trader at Paradigm Capital Management who was demoted and marginalized after reporting conflicts of interest to the SEC was awarded more than $600,000 Tuesday in the agency’s first enforcement action based on retaliation against a whistleblower.… Continue Reading
The Securities and Exchange Commission announced an award Wednesday of about $1.5 million to a compliance professional who provided information for an enforcement action against the whistleblower’s company.
The award went to a compliance officer “who had a reasonable basis to believe that disclosure to the SEC was necessary to prevent imminent misconduct from causing substantial financial harm to the company or investors,” the SEC said.… Continue Reading
The Securities and Exchange Commission said Thursday it awarded more than $400,000 to a whistleblower who reported a fraud to the SEC after the company failed to address the issue internally.… Continue Reading
The SEC said Tuesday it awarded two whistleblowers more than $875,000 for their tips that helped the agency bring an enforcement action.
The two individuals will split the money evenly.
The SEC didn’t release details of the enforcement action or the identities of the whistleblowers.… Continue Reading
The Securities and Exchange Commission said the whistleblower who received the first award under its Dodd-Frank program more than two years ago will collect $150,000 more, thanks to the agency recovering more funds in the case.… Continue Reading
The Securities and Exchange Commission filed a “friend-of-the-court” brief on Thursday, arguing that whistleblowers are entitled to protection from employer retaliation, even if they report the wrongdoing only to their employer and not to the SEC.… Continue Reading
On January 22, the ABA will host a panel discussion with the directors of three federal whistleblower programs: the SEC, CFTC and IRS. The program will provide an overview of the whistleblower programs and address hypothetical ethical situations often faced by whistleblowers and their attorneys.… Continue Reading
Some SEC whistleblowers act on principle and not for the money. But last week’s $14 million reward from the SEC may cause some tipsters to reconsider. Those who want a second chance to follow the money may get one.… Continue Reading