SEC
Whistleblower Complaint Leads to SEC Investigation of Exxon
The U.S. Securities and Exchange Commission (SEC) has launched an investigation of ExxonMobil Corp (Exxon), according to The Wall Street Journal. The investigation was launched in response to a whistleblower complaint filed with the SEC last fall that alleges Exxon...
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Blowing the Whistle on Illegal Fishing: A UN Webinar
Illegal fishing is one of the most under-prioritized environmental and economic crimes in our world today. Up to 28 million tons of fish valued at $10-23 billion are caught illegally every year, according to the UN’s Food and Agriculture Organization....
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Biden Picks Gary Gensler to Chair SEC
On January 18, President-elect Joe Biden announced Gary Gensler as his nomination to be the next Chairman of the U.S. Securities and Exchange Commission (SEC). Gensler, the former Chairman of the Commodities Futures Trading Commission (CFTC), “is expected to take...
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Department of Labor Awards Delta Air Lines Whistleblower $500,000 in Compensatory Damages
On December 21, 2020, a Department of Labor (DOL) Administrative Law Judge awarded a whistleblower $500,000 in compensatory damages and found that Delta Air Lines (Delta) violated the whistleblower protection provision of the Wendell H. Ford Aviation Investment and Reform...
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SEC Sets New Record for Money Awarded to Whistleblowers in a Fiscal Year
On January 14, the U.S. Securities and Exchange Commission (SEC) announced a $600,000 whistleblower award issued to an individual whose disclosures and assistance helped lead to a successful SEC enforcement action. With this award, the SEC Whistleblower Program surpassed last...
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Deutsche Bank to Pay over $130 Million to Settle FCPA Charges
On January 8, the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) announced charges against Deutsche Bank for violations of the Foreign Corrupt Practices Act (FCPA). Deutsche Bank allegedly made corrupt payments and bribes to third-party intermediaries...
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SEC Awards Over $1.1 Million to Five Whistleblowers – Nears Fiscal Year Record for Whistleblower Awards
On January 7, the U.S. Securities and Exchange Commission (SEC) issued over $1.1 million in whistleblower awards to five individuals. The awards were issued through three separate final orders. Each of the five whistleblowers provided the SEC with high-quality information...
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Texas-Based Heart Hospital Agrees To $48 Million Settlement For Alleged Violations Of Anti-Kickback Statutes
On December 18, Texas Heart Hospital of the Southwest LLP and its subsidiary THHBP Management Company, LLC (collectively THH) agreed to pay a settlement of $48 million to the U.S. government for knowingly submitting false claims through the Medicare program...
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SEC Whistleblower Office Posts Eight New Notices of Covered Actions
On December 31, the U.S. Securities and Exchange Commission (SEC) Office of the Whistleblower posted eight new Notices of Covered Actions (NCAs). Each NCA relates to a specific SEC enforcement action and signals that individuals may now submit whistleblower award...
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Elad Roisman Named Acting Chairman of SEC
On December 28, the U.S. Securities and Exchange Commission (SEC) announced that President Trump designated Elad L. Roisman as Acting Chairman of the agency. Roisman is taking over the chairmanship from Jay Clayton who stepped down from his post after...
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