New CFTC rules are a boon for whistleblowers
This week the Commodity Futures Trading Commission finalized several changes to its whistleblower rules that will strengthen the CFTC’s whistleblower program. Chief among them are rules that better...
View ArticleCourt rules against Dodd-Frank whistleblower protections for internal...
A recent ruling from a federal judge in Illinois has added to the minority view in a significant split in court opinions over whether employees who report suspicions of securities violations by their...
View ArticleHalliburton charged with violating FCPA, agrees to pay $29.2 million
Halliburton’s $29.2 million settlement with the US Securities and Exchange Commission last week stemmed from a decision by an anonymous whistleblower to report to the company a scheme to secure...
View ArticleDigital Realty Trust v. Somers amicus brief: Dodd-Frank protections should...
An amicus brief filed this week in the Supreme Court case, Digital Realty Trust Inc. v. Paul Somers, argues that the whistleblower protections outlined in the Dodd-Frank Act should apply to all...
View ArticleSupreme Court decision in Digital Realty v Somers, limiting SEC whistleblower...
The Supreme Court’s decision this week in Digital Realty Trust Inc. v. Somers to limit Dodd-Frank whistleblower protections not only hurts whistleblowers, but their employers as well, according to two...
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Fraudulent Initial Coin Offerings – SEC tries a new tactic to educate investors
Fraud in the cryptocurrency market is an increasing concern of the US Securities and Exchange Commission, and the SEC is taking steps to both educate investors and go after those committing the fraud....
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CFTC whistleblower program sets new records in FY 2018
The US Commodity Futures Trading Commission’s whistleblower program marked a banner year in FY 2018, reversing several years of flagging performance and setting several records for the program. In its...
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SEC whistleblower program has record year, with more submissions and more...
The number of whistleblower submissions to the US Securities and Exchange Commission whistleblower increased 18 percent the past year compared to the previous year, according to a recent SEC report,...
View Article“SEC’s Misguided ‘Solution’ In Search Of A Problem: Proposed Rule Would Hurt...
In a post for New York University Law School’s Compliance and Enforcement blog, Phillips & Cohen partner Sean McKessy lays out his thoughts on the SEC’s proposed changes to its whistleblower...
View ArticleNeed for PCAOB whistleblower program underscored by recent SEC enforcement...
Recent scandals involving two of the “Big Four” accounting firms have added weight to the need for a robust program to encourage whistleblowers to provide the Public Company Accounting Oversight Board...
View ArticleThe Alberta Securities Commission’s new whistleblower program has a problem:...
The Alberta Securities Commission has adopted a whistleblower program that offers confidentiality and protection against job retaliation for whistleblowers. However, the ASC failed to include one of...
View ArticleLatest CFTC whistleblower award reflects assistance given to another federal...
Whistleblower awards by the Commodity Futures Trading Commission now total more than $88.5 million, with the news of a CFTC whistleblower award of $1.5 million this week. The recent CFTC whistleblower...
View ArticleSEC’s $4.5M whistleblower award underscores consequences of Digital Realty...
A recent Securities and Exchange Commission whistleblower reward marks the first time the agency has issued an award to a whistleblower who reported alleged corporate misconduct to the whistleblower’s...
View ArticleSEC and CFTC have reasons to celebrate as whistleblower programs turn nine
Almost a decade has passed since the Dodd-Frank Act was signed into law, creating whistleblower programs at the Securities and Exchange Commission and the Commodity Futures Trading Commission, and by...
View ArticleProposed SEC whistleblower rule changes are put on hold
The US Securities and Exchange Commission is reconsidering whether to adopt proposed new rules for the SEC whistleblower program that could have a significant impact on the program by limiting...
View Article“Defacto ‘Cap’ On SEC Whistleblower Awards Would Be Big Mistake”
In an article for Forbes.com, Phillips & Cohen partner Erika Kelton argues for clarity in the SEC’s position as it considers changes to its whistleblower program: The future success of the...
View ArticleCFTC seeks whistleblowers to report spoofing
The Commodity Futures Trading Commission is asking whistleblowers to help them stop spoofing in the commodities and derivatives markets. Spoofing is a crime that can be hard to detect without the help...
View ArticleCFPB whistleblower reward program proposed
The Consumer Finance Protection Bureau is asking Congress to create a whistleblower program that would offer rewards and confidentiality for whistleblowers who report violations of federal consumer...
View ArticleSEC whistleblowers get awards for help with ongoing investigations
Two of the most recent Securities and Exchange Commission whistleblower awards have gone to whistleblowers who contributed significantly to ongoing investigations. Unlike some whistleblower programs,...
View ArticleSEC tackles covid-19 securities fraud
As quickly as covid-19-related investment scams are popping up, the US Securities and Exchange Commission is trying to stop them. Whistleblowers can play an important role working with the SEC to stop...
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