Tag Archives: SEC

SEC Whistleblower Awards List – March 2017

Stop Fraud, whistleblower rewardsThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … Continue Reading

SEC Whistleblower Awards List – February 2017

SECURITIES AND COMMODITIES FRAUD , SEC WHISTLEBLOWER AWARDS LISTThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … Continue Reading

SEC Whistleblower Awards List – January 2017

Sec Protects Access to Whistleblower RewardsThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … Continue Reading

SEC Protects Access to Whistleblower Rewards

Sec Protects Access to Whistleblower RewardsOn January 17, 2017, the SEC issued its latest sanction, a $340,000 penalty against BlackRock Inc., (NYSE: BLK —  the world’s largest investment management firm) for interfering with the right of its employees to obtain whistleblower rewards under the SEC’s Dodd-Frank Act whistleblower reward program.  SEC Rule 21F-17 was adopted in response to the whistleblower … Continue Reading

SEC Whistleblower Award List December 2016

Sec Protects Access to Whistleblower RewardsThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … Continue Reading

SEC Whistleblower Awards List November 2016

SEC Announces Third Largest Payout to WhistleblowerThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … Continue Reading

JPMorgan Chase Pays $264 Million in Sanctions for Bribing Foreign Government Officials

JPMorgan Chase Pays $264 Million in Sanctions for Bribing Foreign Government OfficialsFinancial services giant JPMorgan Chase & Co. has agreed to pay $264 million in sanctions resulting from the firm’s referral hiring practices in the Asia-Pacific region.  This agreement settles SEC charges that JPMorgan Chase won business from clients and corruptly influenced government officials by giving jobs and internships to their relatives and friends in violation … Continue Reading

SEC: Incentives for Whistleblowers Best Way to Uncover Securities Law Violations

SEC Says Employees Protected For Internal WhistleblowingWashington, DC, November 16, 2016. The Securities and Exchange Commission (SEC) Whistleblower Program had its most successful year to date in 2016. The agency, which issued its annual report to Congress today, reports it issued awards totaling over $57 million in 2016—higher than all award amounts issued in previous years combined. The Office of the … Continue Reading

Whistleblower Awarded $20 Million for Assisting in Recovery of Investor Funds

Whistleblower Awarded $20 Million for Assisting in Recovery of Investors FundsThe Securities and Exchange Commission (SEC) handed out its third largest whistleblower award yesterday. The whistleblower was awarded $20 million for coming forward promptly with valuable information that enabled the SEC to move quickly and initiate an enforcement action against wrongdoers before they could squander the money.… Continue Reading

SEC Whistleblower Awards List September-October 2016

Sec Protects Access to Whistleblower RewardsThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after … Continue Reading

SEC Announces Record Year Standing Up for Whistleblowers

SEC: Most Ever Whistleblower Money Distributed in a Single YearWashington, D.C.  October 12, 2016. The Securities and Commodities Exchange(SEC) announced yesterday that fiscal year 2016, which ended on September 30, 2016, was a record year for SEC enforcement. The agency reached new highs in enforcement in all areas, especially for whistleblowers.… Continue Reading

Och-Ziff Hedge Fund Pays Over $400 Million to Settle Foreign Bribery Charges

Foreign Corrupt PracticesWashington D.C. Sept. 30, 2016.  Och-Ziff Capital Management Group (Och-Ziff), A New York-based alternative investment and hedge fund manager, agreed to pay a combined total amount of U.S. criminal and regulatory penalties of approximately $412 million to settle charges it violated the Foreign Corrupt Practices Act.  In separate announcements yesterday the Securities and Exchange Commission … Continue Reading

New Chief of SEC Whistleblower Office Named

Sec Protects Access to Whistleblower RewardsWashington, D.C. September 29, 2016.  The Securities and Exchange Commission (SEC) announced yesterday that Jane Norberg will now head its whistleblower office.  The SEC Office of the Whistleblower reviews whistleblower tips, evaluates whistleblower award claims, and makes recommendations on whether claimants should receive an award for their information. Ms. Norberg has served as acting chief … Continue Reading

SEC Fines Weatherford International $140 Million for Accounting Fraud

Oil Services Company Paying $140 Million Penalty for Accounting FraudWashington D.C., Sept. 27, 2016 —The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting.  Two of the company’s senior accounting executives at the time have agreed to settle charges that … Continue Reading

SEC Enforcement Director Speaks on The Impact of the Whistleblower Program

SEC Enforcement Director Andrew CeresneyOn September 14, 2016, SEC Enforcement Director Andrew Ceresney spoke at the Sixteenth Annual Taxpayers Against Fraud Conference about the SEC’s whistleblower program. His remarks covered issues from the impact of the whistleblower program on the Agency to the role of whistleblower attorneys as they help their clients navigate the investigative and claims process.… Continue Reading
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