Three separate whistleblowers have filed disclosures with the U.S. Securities and Exchange Commission (SEC), alleging that financial intermediaries of 401ks and pensions are short-changing their retirement plan clients by pocketing billions of dollars that rightfully belong to retirement plans. According...
On September 28, the U.S. Securities and Exchange Commission (SEC) announced settled charges against Fiat Chrysler Automobiles N.V., a London-based public company that sells vehicles through its Michigan-based subsidiary. The SEC charged Fiat with making misleading disclosures about an internal...
On September 24, the U.S. Securities and Exchange Commission (SEC) announced settled charges against German auto-manufacturer BMW and two of its U.S. subsidiaries. The SEC charged BMW with disclosing inaccurate and misleading information about retail sales volume in the U.S. ...
On October 30, the U.S. Securities and Exchange Commission (SEC) Office of the Whistleblower posted nineteen new Notices of Covered Actions (NCAs). Each NCA relates to a specific SEC enforcement action and signals that individuals may now submit whistleblower award...
On November 5, the Federal Register published the Whistleblower Program Rule changes for the U.S. Securities and Exchange Commission (SEC) Whistleblower Program. The SEC approved the changes on September 23 in a 3-2 vote by the SEC Commissioners. While the...
On November 5, the U.S. Securities and Exchange Commission (SEC) announced two separate whistleblower awards. An award of over $3.6 million was awarded to a whistleblower for providing important information to the SEC on misconduct occurring abroad and for providing...
On November 2, the U.S. Securities and Exchange Commission’s (SEC) Division of Enforcement issued its annual report for fiscal year 2020 (FY 2020). The report provides a comprehensive overview of the SEC’s enforcement efforts of the past year, which includes...
On November 2, the U.S. Commodity Futures Trading Commission (CFTC) released its 2020 Annual Report on the Whistleblower Program and Customer Education Initiatives. The report covers the previous fiscal year of the CFTC Whistleblower Program and includes details on whistleblower...
A whistleblower whose disclosure led to the opening of a U.S. Securities and Exchange Commission (SEC) investigation earlier in 2020 filed a retaliation lawsuit against Akron utility company FirstEnergy Corp. On October 18, attorneys for whistleblower Michael Pircio filed the...
On September 23, the U.S. Securities and Exchange Commission (SEC) approved a number of rule changes to its highly successful whistleblower program. These rule changes address several aspects of the program, including determinations for whistleblower awards. Through the SEC Whistleblower...
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