» SEC Whistleblower
New SEC Rules Encourage Whistleblowers
August 31st, 2022
The United States Securities and Exchange Commission (SEC) announced the adoption of two amendments to its whistleblower program that encourage filings by affording better incentives to whistleblowers. The first amendment provides that a whistleblowe…
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Employers Cannot Use Severance Agreements to Muzzle Whistleblowers, According to SEC
August 31st, 2016
Contributor: Michael F. Brady
In two decisions, issued less than a week apart, the SEC (Securities and Exchange Commission) made clear that the use of severance agreements to silence whistleblowers will not be tolerated.
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Too Big To Jail? Maybe Not, According To Prosecutors
May 1st, 2014
Federal prosecutors appear to be getting closer to bringing criminal charges against financial institutions that were previously seen as untouchable. A recent article in the New York Times discussed how the perception that banks were “too big t…
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Banks Treat Litigation Expenses As Closely Guarded Secrets
January 30th, 2014
Anyone who pays any sort of attention to the financial industry recently has seen headlines regarding an array of lawsuits brought by consumers, shareholders and even government officials regarding the banks’ mortgage practices prior to the rec…
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SEC Whistleblower Program Appears Poised For Success
November 21st, 2013
A recent article by Reuters discussed the slow start but likely long-term success of two financial industry whistleblower programs that reward those who report corporate wrongdoing. The article discussed how the whistleblower offices of the Securitie…
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SEC Awards $14 Million To Whistleblower
October 31st, 2013
Though the IRS has found itself under fire due to its slow moving and slow paying whistleblower program, the SEC has managed to construct a relatively efficient program. As evidence of the program’s success, SEC announced earlier this month tha…
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SEC Asks For Patience With Whistleblower Program
July 25th, 2013
The Securities and Exchange Commission has expended significant energy over the last few weeks issuing press releases where it assured the public that the first two whistleblower awards that have been announced (both were relatively small) will not b…
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SEC Whistleblower Program Up And Running But Paying Out Little
February 21st, 2013
Given the relatively positive news recently released about the IRS whistleblower program (payouts are up dramatically), it’s sad to hear that the SEC has not had similar luck. The newly created SEC whistleblower program, enacted under the Dodd-…
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Threat of Jail Time Has Not Yet Been Used to Give Sarbanes-Oxley Teeth
September 7th, 2012
It’s an issue several news organizations have pointed out. Years after the financial crisis, there have still been no prosecutions of top executives at any of the major players in the financial crisis. The question is why has the Justice Depart…
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The Hypocrisy Behind Corporate Attacks on SEC Whistleblower Program
June 28th, 2012
According to a recent Forbes article, a group of powerful corporations and corporate lobbying groups have been working to kill the Securities and Exchange Commission’s (SEC) whistleblower reward program since it was created by Congress nearly t…
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