Corporate

Whistleblowers risk their livelihoods and can face financial ruin when they step forward to expose corporate fraud.  In recognition of this fact, the SEC Whistleblower Program offers substantial monetary awards to whistleblowers.  The current financial situation of an SEC whistleblower...

Whistleblower News Network’s recent Marist poll on whistleblowing reveals that a majority of Americans believe Congress should prioritize passing stronger protections for corporate whistleblowers.  Based on this polling data, whistleblower attorney Stephen M. Kohn, partner at qui tam whistleblower law...

On October 9, the U.S. Commodity Futures Trading Commission (CFTC) announced an order of default judgment, finding that Michael Salerno and his companies Black Diamond Forex LP, BDF Trading LP, and Advanta FX engaged in a foreign currency (forex) trading...

The U.S. Department of Justice (DOJ) announced on October 14 that a whistleblower complaint against a Utah-based medical device company, Merit Medical Systems Inc. (MMSI), has come to a settlement. MMSI will pay $18 million to federal and state governments...

On October 15, the U.S. Securities and Exchange Commission (SEC) announced an $800,000 whistleblower award issued to an individual whose disclosure instigated an SEC investigation, which led to two successful enforcement actions.  “The whistleblower provided the Commission with a detailed...

On September 29, the U.S. Commodity Futures Trading Commission (CFTC) announced an order filing and settling charges against JPMorgan Chase & Company and its subsidiaries, JPMorgan Chase Bank, N.A., and J.P. Morgan Securities LLC (collectively, JPM).  The order finds that,...

Americans strongly believe (86%) that whistleblowers who report corporate or government fraud deserve protection from harm, according to an exclusive new poll commissioned by the Whistleblower News Network. In addition, 82% of Americans say that passing stronger laws that protect...

In August, Senator Elizabeth Warren (D-MA), a member of the Senate Banking Committee, sent a letter to the U.S. Securities and Exchange Commission (SEC) urging the agency to implement climate risk disclosure requirements for public companies.  According to Senator Warren,...

On September 30, the U.S. Securities and Exchange Commission (SEC) announced whistleblower awards totaling $5 million issued to four individuals.  The four awards stem from three different orders and cap off the most prolific fiscal year in the history of...

On September 30, the U.S. Securities and Exchange Commission (SEC) announced an approximately $30 million award granted to two whistleblowers.  The whistleblowers were insiders at the company whose misconduct they reported, and their disclosures led the SEC to open an...