News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
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
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Bill Steinman
Contributing Editor
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 redacted award order (pdf) didn’t provide other details about the whistleblower or the company involved.… Continue Reading
The U.S. Securities and Exchange Commission said Tuesday it awarded an overseas whistleblower $500,000.
In a brief announcement, the SEC said the whistleblower’s “expeditious reporting” helped the agency bring a successful enforcement action.… Continue Reading
The Securities and Exchange Commission awarded two whistleblowers $3 million Monday for providing a tip that led to a “successful enforcement action involving an alleged securities law violation that impacted retail investors.”
The two whistleblowers submitted their tip jointly and will share the $3 million award.… Continue Reading
The Securities and Exchange Commission awarded more than $4.5 million to a whistleblower whose tip triggered the company to launch an internal investigation and report the whistleblower’s allegations to the SEC and another agency.… Continue Reading
The Securities and Exchange Commission said Tuesday it awarded two whistleblowers $50 million in the same case. One award was $13 million and the other award was $37 million.
The $37 million award is the SEC’s third-biggest award ever.… Continue Reading
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.”
But the SEC said in Friday’s award order (pdf) the whistleblower delayed his or her report “and benefited financially during the delay.”
The reduced award underscored “the need for individuals to come forward without delay,” according to Jane Norberg, chief of the SEC’s Office of the Whistleblower.… Continue Reading
The Securities and Exchange Commission awarded $39 million to one whistleblower Thursday and $15 million to another in the same case for information that helped the agency “bring an important enforcement action.”
The $39 million award is the second-biggest payout under the SEC whistleblower program.… 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
The U.S. Commodity Futures Trading Commission announced an award of $30 million to a whistleblower Thursday, the biggest award ever under the CFTC’s whistleblower program.
The agency said the whistleblower “voluntarily provided key original information that led to a successful enforcement action.”
No information was released about the whistleblower or the tip they provided.… Continue Reading