SEC Whistleblower Reward Program Archives - Page 15 of 32

September 1, 2020

The SEC made a $2.5 million whistleblower award to two outsiders who submitted a whistleblower tip based on their detailed independent analysis of a company's public filings. The whistleblowers provided helpful assistance during the investigation, and their submission ultimately led to several successful enforcement actions. The SEC did not disclose their identity or the target of the underlying enforcement actions. SEC

Tagged in: Anonymity, Financial and Investment Fraud, SEC Whistleblower Reward Program, Whistleblower Rewards,

August 31, 2020

A whistleblower was awarded over $1.25 million by the SEC for promptly and expeditiously providing significant information that enabled the agency to initiate an enforcement action and recover millions of dollars for harmed investors. The whistleblower's identity, and the nature of the underlying enforcement action, was not disclosed. SEC

Tagged in: Anonymity, Financial and Investment Fraud, SEC Whistleblower Reward Program, Whistleblower Rewards,

Catch of the Week: Interactive Brokers Pays $38 Million for Failures in Money-Laundering and Supervision

Posted 08/14/20

Brokerage firm Interactive Brokers LLC will pay $38 million in penalties to settle charges from multiple U.S. market regulators regarding its anti-money laundering practices, including alleged failures to file suspicious activity reports (SARs). The discount broker has paid an $11.5 million penalty to settle charges with the Securities and Exchange Commission over the deficiencies in its internal controls that...

Tagged in: Catch of the Week, CFTC Whistleblower Reward Program, Financial and Investment Fraud, Financial Institution Fraud, Importance of Whistleblowers, Money Laundering, Regulatory Violations, SEC Whistleblower Reward Program,

The FCPA’s Accounting Provisions Get a Fresh Look from the SEC

Posted 08/13/20

In the New York Law Journal this week, we published an article discussing a heartening trend in the SEC’s enforcement of the Foreign Corrupt Practices Act, a law that has yielded some of the largest SEC fines and recoveries: an increased willingness to ground enforcement actions in the accounting provisions of the FCPA. The FCPA broadly prohibits two different kinds of conduct. First, businesses may not bribe...

Tagged in: FCPA, Importance of Whistleblowers, SEC Whistleblower Reward Program, Whistleblower Eligibility, Whistleblower Protection Laws, Whistleblower Rewards,

What Potential Whistleblowers Need to Know About the Dodd-Frank Act

Posted 07/21/20

Topics Covered Here:

History of the Dodd-Frank Whistleblower Program
Understanding the Dodd-Frank Whistleblower Provisions
The Differences Between Dodd-Frank Whistleblower Cases and False Claims Act Cases

Tagged in: CFTC Whistleblower Reward Program, Financial and Investment Fraud, Fraud in CFTC-Regulated Markets, Importance of Whistleblowers, SEC Whistleblower Reward Program, Securities Fraud, Whistleblower Answers,

July 14, 2020

A whistleblower has been awarded $3.8 million after providing the SEC with information that helped stop an ongoing fraud and helped return millions of dollars to investors. The SEC did not disclose specific details of the fraud in their press release. SEC

Tagged in: Anonymity, SEC Whistleblower Reward Program, Securities Fraud, Whistleblower Rewards,

Constantine Cannon Attorneys Provide Comments on Model Whistleblower Award and Protection Act

Posted 07/2/20

Following in the footsteps of the hugely successful SEC Whistleblower Program, which recently announced its largest-ever reward of $50 million, the North American Securities Administrators Association (NASAA) has proposed a Model Whistleblower Award and Protection Act that would serve as a guide for states across North America who wish to enact a compelling whistleblower program to bolster their securities...

Tagged in: Anonymity, Importance of Whistleblowers, Retaliation, SEC Whistleblower Reward Program, Whistleblower Case, Whistleblower Eligibility, Whistleblower Rewards,

June 23, 2020

The SEC has awarded about $125,000 to a whistleblower whose tip helped stop a fraudulent scheme against vulnerable investors and bring about successful enforcement actions by the SEC and another agency. SEC

Tagged in: Anonymity, SEC Whistleblower Reward Program, Securities Fraud, Whistleblower Rewards,

June 19, 2020

A whistleblower whose tip and assistance led to a successful SEC enforcement action has been awarded nearly $700,000. According to the SEC, the whistleblower had reported internally prior to contacting the agency. SEC

Tagged in: Anonymity, SEC Whistleblower Reward Program, Securities Fraud, Whistleblower Rewards,

June 4, 2020

A whistleblower has been awarded $50 million in what is the largest amount ever awarded to a single person in the history of the SEC’s whistleblower program. According to the SEC’s press release, the successful enforcement action that resulted from the unnamed individual’s tip allowed harmed investors to recover a significant amount of money. SEC

Tagged in: Anonymity, SEC Whistleblower Reward Program, Securities Fraud, Whistleblower Rewards,

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SEC Whistleblower Reward Program

September 1, 2020

August 31, 2020

Catch of the Week: Interactive Brokers Pays $38 Million for Failures in Money-Laundering and Supervision

The FCPA’s Accounting Provisions Get a Fresh Look from the SEC

What Potential Whistleblowers Need to Know About the Dodd-Frank Act

July 14, 2020

Constantine Cannon Attorneys Provide Comments on Model Whistleblower Award and Protection Act

June 23, 2020

June 19, 2020

June 4, 2020

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