January 24, 2020
CFTC seeks whistleblowers to report spoofing
The Commodity Futures Trading Commission is asking whistleblowers to help them stop spoofing in the commodities and derivatives markets. Spoofing is a crime that can be hard to detect without the help...
December 16, 2019
“Defacto ‘Cap’ On SEC Whistleblower Awards Would Be Big Mistake”
In an article for Forbes.com, Phillips & Cohen partner Erika Kelton argues for clarity in the SEC’s position as it considers changes to its whistleblower program: The future success of the Securities...
December 09, 2019
Proposed SEC whistleblower rule changes are put on hold
The US Securities and Exchange Commission is reconsidering whether to adopt proposed new rules for the SEC whistleblower program that could have a significant impact on the program by limiting whistleblower...
October 22, 2019
Need for PCAOB whistleblower program underscored by recent SEC enforcement actions
Recent scandals involving two of the “Big Four” accounting firms have added weight to the need for a robust program to encourage whistleblowers to provide the Public Company Accounting Oversight Board...
July 19, 2019
SEC and CFTC have reasons to celebrate as whistleblower programs turn nine
Almost a decade has passed since the Dodd-Frank Act was signed into law, creating whistleblower programs at the Securities and Exchange Commission and the Commodity Futures Trading Commission, and by most...
June 07, 2019
SEC’s $4.5M whistleblower award underscores consequences of Digital Realty ruling
A recent Securities and Exchange Commission whistleblower reward marks the first time the agency has issued an award to a whistleblower who reported alleged corporate misconduct to the whistleblower’s...
May 07, 2019
Latest CFTC whistleblower award reflects assistance given to another federal regulator
Whistleblower awards by the Commodity Futures Trading Commission now total more than $88.5 million, with the news of a CFTC whistleblower award of $1.5 million this week. The recent CFTC whistleblower...
January 31, 2019
“SEC’s Misguided ‘Solution’ In Search Of A Problem: Proposed Rule Would Hurt Whistleblower Program”
In a post for New York University Law School’s Compliance and Enforcement blog, Phillips & Cohen partner Sean McKessy lays out his thoughts on the SEC’s proposed changes to its whistleblower...
December 17, 2018
The Alberta Securities Commission’s new whistleblower program has a problem: no rewards
The Alberta Securities Commission has adopted a whistleblower program that offers confidentiality and protection against job retaliation for whistleblowers. However, the ASC failed to include one of the...
November 28, 2018
SEC whistleblower program has record year, with more submissions and more whistleblower awards
The number of whistleblower submissions to the US Securities and Exchange Commission whistleblower increased 18 percent the past year compared to the previous year, according to a recent SEC report, most...