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
Deputy Director of Hunan Province Department of Transportation Li Xiaoxi was placed under investigation by the provincial Committee for Discipline Inspection for serious disciplinary violations. Li is the seventh senior official of the Hunan transportation department to be removed for disciplinary problems in recent years.… Continue Reading
It’s not an FCPA case.
But it is the first bounty paid to a whistleblower by the SEC under the 2010 Dodd-Frank Act.
The SEC said last month it will pay about $50,000 to a whistleblower who helped ‘stop a multi-million dollar fraud.’… Continue Reading