I have commented previously on the role that whistleblowers have to play in the context of alerting the appropriate authorities or corporate governance structures of apparent acts of money laundering, fraud or corruption.… Continue Reading
The Securities and Exchange Commission awarded more than $1.8 million to a whistleblower who provided critically important information and assistance to an enforcement action involving overseas misconduct.
The SEC’s Office of the Whistleblower received 5,282 tips during FY2018, including 202 FCPA-related complaints.
Overall, tips came from individuals in 72 foreign countries and the United States.
The SEC’s fiscal year ended on September 30.… Continue Reading
The Securities and Exchange Commission reduced a whistleblower award to $1.5 million Friday because the whistleblower was “culpable” and delayed reporting the misconduct for a year.
The whistleblower provided “vital information and ongoing assistance that proved important to the overall success of an enforcement action.”… Continue Reading
The Netherlands, a country well respected in many regards for its commitment to organized labor and workers’ rights, fails even to marginally protect a different class of vulnerable employee: the whistleblower.… Continue Reading
I have commented on several occasions about whistleblowing, so my thoughts on the subject are already well documented. I am a strong advocate of whistleblowing as a means of policing rogue companies or the individuals they employ.… Continue Reading
On June 28, the U.S. Securities and Exchange Commission proposed amendments to its whistleblower award program and requested comments from the public.
Many of the proposed amendments to the SEC’s whistleblower rules serve to clarify and address issues identified over the past seven years of administration of the program.… Continue Reading