Federal Court in New York Orders Chicago Resident and Former Floor Broker,...
On May 22, 2012 the U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Paul A. Engelmayer of the U.S. District Court for the Southern District of New York issued a consent order and...
View ArticleDepartment of Justice Settles Suit with Wells Fargo for $175 Million for...
On July 12, 2012 the Department of Justice filed in the U.S. District Court for the District of Columbia against Wells Fargo Bank, subject to court approval, the second largest fair lending settlement...
View ArticleSupreme Court Confirms Lower Hurdle for Investor Fraud Suits
The U.S. Supreme Court made it easier for investors to gain class-action status when suing companies for securities fraud, making such lawsuits more likely in the future. In Amgen v. Connecticut...
View ArticleSEC Whistleblower Program Makes Its Bones With $14 Million Award
The U.S. Securities and Exchange Commission (SEC) awarded an unnamed tipster more than $14 million, obliterating all doubt about the resolve of the agency’s whistleblower program. The SEC didn’t...
View ArticleSEC Makes Another Whistleblower Payout — This Time at Maximum 30%
The U.S. Securities and Exchange Commission (SEC) announced its second whistleblower award in a month, saying it will give the maximum 30% share of penalties in an unidentified case to a tipster who...
View ArticleThe Top Ten Whistleblower Decisions of 2013: Part 1
For whistleblowers and their advocates, 2013 was a whipsaw year: Big advances followed sharp letdowns in quick rotation — sometimes from the same source. (Ahem, Supreme Court and White House.) Plus...
View ArticleSEC Brings First Action on Whistleblower Retaliation
The U.S. Securities and Exchange Commission (SEC) said it filed — and promptly settled, for $2.2 milllion — its first-ever charges against a company for retaliating against a whistleblower who reported...
View ArticleSEC Gives $300K to Whistleblower Working in Audit/Compliance
The U.S. Securities and Exchange Commission said it awarded more than $300,000 to a whistleblower who first reported wrongdoing internally — but then went to the feds after being ignored for four...
View ArticleFINRA Warns Firms Not to Bar Employee Whistleblowing
The Financial Industry Regulatory Authority — a self-policing arm of the securities industry — reminded its member firms not to ask their employees to sign confidentiality agreements that forbid...
View ArticleSEC’s FY 2016 Budget Request Lauds Whistleblower Program and Predicts Its Growth
In its recent FY 2016 Budget Request, the Securities and Exchange Commission touted the success of its Whistleblower Program and proposed increased funding for the program to help with an increased...
View ArticleNew York Attorney General Proposes State Equivalent of Dodd-Frank...
On February 26, 2015, New York Attorney General Eric Schneiderman announced plans to introduce state legislation to protect and reward employees who report information about illegal activity in the...
View ArticleDow Chemical and CEO Settle SOX Whistleblower’s Retaliation Suit
Dow Chemical Company, a multinational corporation headquartered in Midland, Michigan, settled a case with a former employee, Kimberly Wood, who alleged that Dow terminated her in retaliation for...
View ArticleSEC Paid $37 Million to Whistleblowers in FY 2015
Fiscal 2015 was arguably the most successful year in the short history of the whistleblower program at the Securities & Exchange Commission: In the 12 months ended September 30, almost 4,000 tips...
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