Dodd-Frank
Get the latest news, stories, and whistleblower cases involving the Dodd-Frank Wall Street Reform and Consumer Protection Act.
SEC Awards Whistleblower $7 Million for Assisting in Investigation
Today, the Securities and Exchange Commission (SEC) announced a whistleblower award of $7 million given to an individual who provided information and assisted in an investigation. The whistleblower award came as the result of a successful enforcement action in which...
Whistleblower news round-up: DOD, SEC and all the way to Africa
Securities and Exchange Commission In announcing its first two whistleblower awards of the year, the Securities and Exchange Commission notes: As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that...
How many whistleblowers helped the feds uncover fraud this year? Reports are still coming in.
It may be the end of the year for the rest of the world, but the fiscal year ended in October. As we wait for the Department of Justice to crunch its numbers for the year end report on False...
Commodities crime keeps the CFTC financial whistleblower program busy
The Commodity Futures Trading Commission (CFTC) financial whistleblower program has been busy, most lately announcing a $2 million award to “two model whistleblowers who provided the agency with significant information that prompted the CFTC to open an investigation....The multiple interviews...
Survey: Whistleblower programs aid financial compliance, but some efforts fall short
Whistleblower programs are “an important check on a firm’s compliance,” according to a survey of nearly 200 “financial services executives.” The survey, conducted annually by the consultants at the firm Duff & Phelps, is designed to provide “a view into how...
$50 million for two SEC whistleblowers who exposed conflict-of-interest problems at JPMorgan
Two SEC whistleblowers have been awarded a total of $50 million for exposing conflict-of-interest problems with investment advisors at JPMorgan Chase Bank The Securities and Exchange Commission announced the awards but did not offer any details of the case. However, lawyers...
NWC Meets with SEC to Strongly Oppose “Caps” on SEC Whistleblower Rewards
On Wednesday, December 12, 2018, National Whistleblower Center (NWC) Executive Director Stephen M. Kohn made a formal presentation to representatives from the U.S. Securities and Exchange Commission (“SEC”) opposing the proposed SEC rule limiting awards in major fraud cases. Kohn...
The Foreign Corrupt Practices Act is an Effective Tool to Stop Illegal Activity and Catch Illicit Profits
International tips are crucial to the SEC’s law enforcement capabilities. From 2011 to 2017, the SEC received a total of 2,655 whistleblowers from 113 countries. This map shows the countries as well as the frequency of those tips. Washington, D.C....
Proposed SEC Rule Will Hurt Whistleblower Program
The rewards for SEC whistleblower can be potentially limited for a successful qui tam lawsuit. The SEC is proposing controversial amendments to its whistleblower program. Under current directives, a whistleblower who provides information that leads to an SEC enforcement action...
Using Whistleblower Laws to Uphold Social Responsibility Commitments
Today, we expect Wall Street to be as much a part of the community as Main Street. For corporations with social responsibility commitments and investor groups with social responsibility mandates, whistleblowers are a crucial force for compliance. Whistleblowers ensure that...
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