A Price Worth Paying?
SEC Whistleblower Program: What Employers Need to Know
Is Edward Snowden a Whistleblower?
First SEC whistleblower award-6 lessons learned
Whistleblower Tax Suits on the Rise
First, the kerfuffle surrounding the Citi matter has wholly obfuscated the SEC staff’s achievement. Understand that these structured products cases are extremely complicated. Even when assisted by whistleblowers, the facts do...more
Companies need to recognize the importance of responding effectively to a whistleblower complaint. The Enron case, and many others after that, started with a whistleblower complaint which the company either ignored or...more
If you have employees in California, you are, no doubt, aware that California laws are constantly changing and have a tendency to sneak up on even the best companies. To help prepare you for the year ahead, here are five...more
2013 Annual Report to Congress on the Dodd-Frank Whistleblower Program -
Back when the Dodd-Frank Act first proposed the creation of the Office of the Whistleblower (OWB) a hue and cry went up from chief compliance...more
Everyone should have one. If you need more convincing, please read my post, or any post for that matter, about the record $14 million award the SEC recently made to a whistleblower who helped to uncover investment fraud. ...more
Tom Cruise: Did you order a Code Red?
Jack Nicolson: You’re G__D__ right I ordered a Code Red.
The above lines were spoken in the movie version of “A Few Good Men”. If there was ever one scene which demonstrated...more
In This Issue:
- “The Upfront Costs of Compliance Are Looking More Like a Bargain Every Day” and “How to Minimise the Risk of Insider Trading and Leaking of Material Information” (October-December), Risk &...more
The SEC’s whistleblower program has received tremendous attention, but let’s not forget about the Commodity Futures Trading Commission’s (CFTC) whistleblower program, which also was created by Dodd-Frank. A recent article...more
The recent announcement of SEC whistleblower awards is an important reminder on the need for companies to devote time and attention to proactive whistleblower policies and practices. Every organization adopts the...more
The SEC awarded more than $14 million to a whistleblower earlier this month in exchange for information that helped the SEC bring an enforcement action against the perpetrators of an investment fraud in less than six months...more
Two new Dodd-Frank decisions over the last week contain mixed results for employers.
In Liu v. Siemens A.G., Judge Pauley in the Southern District of New York held that Dodd-Frank’s anti-retaliation provision does not...more
Stephen Cohen, the SEC’s Associate Director of Enforcement, tied robust compliance programs to enforcement “credits”.
In remarks to compliance and ethics professionals at the annual conference of the Society of...more
Although delivered 15 years before the Securities and Exchange Commission even established its whistleblower program, Jerry Maguire's iconic lesson "Show Me The Money!" found new meaning last Tuesday. On October 1, 2013, the...more
With great fanfare, the SEC Office of the Whistleblower opened its doors in September of 2011, and eagerly asked whistleblowers to step forward. The office is authorized to reward “high-quality, original information” that...more
Hospitals are being squeezed on many fronts – government reimbursement for medical services are declining, government regulatory requirements are increasing, and the prospects for improvement are dwindling. Medicare and...more
The Chinese Government’s wide-ranging bribery and corruption investigation into the pharmaceutical industry takes a new turn every week. Media reports contain numerous incidents of purported whistleblowers making allegations...more
- SEC Changes Course: Some Companies Must Now Admit Wrongdoing
- Fifth Circuit’s Recent Dodd-Frank Whistleblower Ruling May Benefit Employers
- “Love and Marriage” – New Jersey Supreme Court...more
It’s been years since I had a subscription for paper delivery of the news. I read the news either on my computer or on my phone, and I tend to skim the headlines until I see one that interests me (usually an article on the...more
A recent Wall Street Journal article (subscription required) quoted Michele Wein Layne, Regional Director of the LA office of the SEC, when she addressed the SEC’s Office of the Whistleblower Bounty Program at the American...more
Antiretaliation provisions only protect employees that provide information on violations of the securities laws to the SEC.
On July 17, the U.S. Court of Appeals for the Fifth Circuit issued a decision in Asadi v. G.E....more
The federal government has stepped-up its enforcement efforts in the areas of academic research and grant funding. Just this week, Northwestern University agreed to pay $2.93 million to settle a federal whistleblower suit...more
- Insider Trading in Mutual Fund Shares
- Incentive for Whistleblowers to Bypass Internal Reporting
- SEC Announces Compliance Outreach Sessions
- Implementation of FATCA Reporting...more
Attorneys Matt Allen and Todd Holleman give insights to the SEC Whistleblower Act and what employers need to know. ...more
What do Canada and Brazil have in common? If you said, “recent aggressive ramp up in anti-corruption efforts,” you’d be right. But what makes this all the more interesting is that these efforts are largely being driven by...more
In a recent decision, the United States Court of Appeals for the Tenth Circuit broadened the types of claims that may be recognized under the anti-retaliation provisions of the Sarbanes-Oxley Act. Lockheed Martin Corp. v....more