The SEC now pays for information about securities law violations — including the FCPA — leading to a recovery of at least $1 million. The whistleblower reward can be from 10% to 30% of the recovery — a big range that’s entirely within the SEC’s discretion.… Continue Reading
Posts Tagged: Securities and Exchange Commission
We considered in a prior post the new spirit of tough enforcement at the DOJ and SEC and the need to seize the opportunity for more advocacy by the compliance profession, in particular to head off a resolution of the Wal-Mart investigation harmful to compliance officers and the public.… Continue Reading
The SEC’s associate director of enforcement, Stephen L. Cohen, left, had some great things to say when he spoke this week at the SCCE Annual Conference in Washington D.C.
Here’s part of what he said:
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I am surprised how infrequently companies try to persuade us at the front end of an investigation that they have a robust compliance culture and record of ethical conduct.… Continue Reading
Here are wise words from Tuesday’s post by Ellen Podgor on her White Collar Crime Prof Blog:
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Politics do not belong in the agencies of our government. Whether it be the DOJ, SEC, or IRS – it is important that when politics gets infused in discretionary decisions, someone immediately puts a stop to this happening.
Job Title: Regional Director
Organization: Securities and Exchange Commission
Location: San Francisco, CA
Job Scope: The Regional Director is responsible for the day-to-day oversight and administration of compliance, investigation and litigation activities in the San Francisco Regional Office.… Continue Reading
An assistant inspector general at the SEC claims he was fired and defamed after he told Congress about serious lapses inside the agency.
David P. Weber alleges he was fired in retaliation for speaking out about waste in the SEC’s move to new offices and its improper handling of sensitive securities registration and trading data.… Continue Reading
The SEC said today it received 3,001 whistleblower tips during the past fiscal year.
There were 115 FCPA-related complaints.
Corporate disclosures and offering frauds were most often reported. They accounted for a third of all complaints.… Continue Reading