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...
Two senior staff members who worked for Texas Attorney General Ken Paxton’s office have been fired, according to a November 2 article from The Texas Tribune. The agency’s director of law enforcement David Maxwell and the deputy attorney general for criminal justice Mark...
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...
The New Mexico Corrections Department has paid a whistleblower $1.4 million to settle a case, according to an October 15 article from The Santa Fe New Mexican. Dr. Bianca McDermott worked at the Corrections Department as the behavioral health bureau chief “for 13...
On September 22 the United States Attorney’s Office for the Eastern District of Washington announced that a group of major government energy and construction contractors have agreed to pay the government a total of $57,750,000 to settle allegations that the...
Multinational bank HSBC has agreed to pay $7 million to settle whistleblower allegations that they overcharged the California Public Employees Retirement System (CalPERS) when trading to or from foreign currency. According to a September 24 press release from the California...
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...
The European Central Bank (ECB) introduced “an enhanced internal whistleblowing framework” that includes a tool for whistleblowers to anonymously report concerns, according to an October 21 press release. The tool can be used for “simple and secure reporting of potential breaches...
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