By Steve Kardell | Published November 23, 2020 | Posted in Fraud, Whistleblower Litigation | Tagged Tags: SEC, SEC whistleblower award, Securities and Exchange Commission |
In July, the U.S. Securities and Exchange Commission (SEC) issued a $3.8 million award to a whistleblower who assisted the commission by providing crucial information during an ongoing investigation into a fraudulent scheme. According to the press release the SEC put out to announce the award, the whistleblower provided the agency with information that “helped Read More
Read MoreThe United States Securities and Exchange Commission (SEC) recently charged Vereit, Inc. (previously known as American Realty Capital Properties, Inc.) with intentionally overstating important performance metrics, a form of fraud. As a result, Vereit agreed to settle the charges by paying an $8 million penalty, which will be shared among defrauded investors. Case background According Read More
Read MoreA whistleblower claims there is evidence to believe Wall Street is once again engaged in some of the very practices that led to the financial crash of 2008. A whistleblower complaint submitted last year to the Securities and exchange Commission accuses some of the largest banks in the world (including Deutsche Bank and Wells Fargo) Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) Office of the Whistleblower released its annual report in mid-November. It highlighted the value whistleblowers have provided to the agency and the country over the past year. According to the commission, “whistleblowers have provided tremendous value to [the SEC’s] enforcement efforts and significantly helped investors.” The agency noted Read More
Read MoreIn late July, Securities and Exchange Commission (SEC) officials announced there were two more cases in which the regulator handed out whistleblower awards, totaling $4.2 million for the two whistleblowers. The total of the whistleblower payments distributed through the program is now at $158 million. One of the awards was announced on July 27 and Read More
Read MoreThe U.S. Securities and Exchange Commission has done a lot to increase the protections afforded to whistleblowers in the last several years. In 2015, the agency took several steps to further ensure whistleblowers are not prevented from coming forward and reporting incidents of wrongdoing within their organizations. Since the enactment of the Dodd-Frank Act of Read More
Read MoreAre you trying stay up-to-date with the latest cases and happenings in the field of whistleblower law? We have compiled a few important cases that might piqué your interest: Whistleblowers split $1.8 Million in FCA settlement in for-profit school case Five whistleblowers recently alerted authorities to a chain of for-profit schools admitting students who were Read More
Read MoreIn April, the Securities and Exchange Commission (SEC) initiated the very first enforcement action regarding employee confidentiality agreements against KBR, Inc., a technology and engineering company based in Houston, Texas. Certain pieces of language in KBR’s agreement signed by its employees caused the SEC to take an interest in the case. According to the SEC, Read More
Read MoreIn early August, the Securities and Exchange Commission (SEC) issued some clarification on rules regarding internal whistleblower reporting. According to the agency, whistleblowers are to be protected under the Dodd-Frank Act when they report misconduct both internally and directly to the SEC. This is the first formal clarification the SEC has issued, and it clears Read More
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