On December 16, the U.S. Securities and Exchange Commission (SEC) voted 3-2 to adopt a final rule mandating that resource extraction issuers disclose payments made to the U.S. federal government or foreign governments for the commercial development of oil, natural...
On December 18, the U.S. Securities and Exchange Commission (SEC) announced three separate whistleblower awards totaling over $3.6 million. The awards stem from three separate enforcement actions which were aided by information provided by whistleblowers. In the first order, the...
The U.S. Department of Transportation (DOT) is in violation of a mandatory Congressional requirement to enact rules to protect auto safety whistleblowers. The Fixing America’s Surface Transportation Act (FAST Act), signed into law January 6, 2015, required DOT to approve...
On December 14, the U.S. Securities and Exchange Commission (SEC) announced a whistleblower award of more than $300,000 issued to an individual “whose high-quality information and continuing assistance significantly contributed to a successful enforcement action.” The whistleblower learned of the...
On December 10, the U.S. Securities and Exchange Commission (SEC) announced that Stephanie Avakian, the Director of the SEC’s Division of Enforcement, will conclude her tenure by the end of 2020. During Avakian’s four-year tenure, first as Co-Director and then...
Employees of a New York tour boat company filed a whistleblower complaint alleging illegal dumping of waste into the Hudson River. The whistleblower complaint, which was previously under seal, details allegations of wrongdoing from two employees of New York Waterway, a...
On December 8, the U.S. House of Representatives passed the Criminal Antitrust Anti-Retaliation Act, which extends anti-retaliation protections to private sector whistleblowers who expose criminal antitrust violations. The bill unanimously passed in the Senate in 2019 and must now be...
On December 3, the U.S. Commodity Futures Trading Commission (CFTC) announced an order filing and settling corruption charges against Vitol Inc., an energy and commodities trading firm. The CFTC charged Vitol with manipulative and deceptive conduct, including foreign corruption. As...
In commemoration of International Anti-Corruption Day, the Global Initiative Against Transnational Organized Crime (GI-TOC) published a new edition of their #CovidCrimeWatch newsletter on December 9. The Autumn newsletter features “a number of stories from across the world on the issue...
The first internationally focused organization to support and counsel whistleblowers has been announced on December 9, according to a press release. The Center for Whistleblower Rights & Rewards (CWRR) has been announced today in honor of the UN’s International Anti-Corruption...
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