October 22, 2020
Largest SEC whistleblower award is made for $114 million
The SEC has issued its largest whistleblower reward to date, awarding $114 million to a whistleblower who helped the SEC and another agency bring successful enforcement actions. The record-breaking SEC...
September 18, 2020
Proposed SEC whistleblower rules might harm program
The US Securities and Exchange Commission is considering new whistleblower program rules, which include a defacto cap on whistleblower rewards that would discourage highly placed insiders from blowing...
July 16, 2020
CFTC issues its first Covid-19-related fraud charges
The Commodity Futures Trading Commission has taken its first enforcement action involving coronavirus-related fraud against a Florida man who regulators say falsely claimed to be a forex trader. James...
June 23, 2020
Supreme Court’s ‘Liu v SEC’ decision is important for whistleblowers
The Supreme Court’s ruling in Liu v SEC, issued this week, is a significant win for the Securities and Exchange Commission’s whistleblower program. The court affirmed the SEC’s ability to order disgorgements...
June 10, 2020
Largest SEC whistleblower award made for $50 million; Total rewards exceed $500 million
The Securities and Exchange Commission whistleblower program set a record last week when the SEC awarded a former banking insider nearly $50 million, which is the largest SEC whistleblower award made to...
May 05, 2020
SEC tackles Covid-19 securities fraud
As quickly as Covid-19-related investment scams are popping up, the US Securities and Exchange Commission is trying to stop them. Whistleblowers can play an important role working with the SEC to stop...
April 02, 2020
SEC whistleblowers get awards for help with ongoing investigations
Two of the most recent Securities and Exchange Commission whistleblower awards have gone to whistleblowers who contributed significantly to ongoing investigations. Unlike some whistleblower programs, the...
March 13, 2020
CFPB whistleblower reward program proposed
The Consumer Finance Protection Bureau is asking Congress to create a whistleblower program that would offer rewards and confidentiality for whistleblowers who report violations of federal consumer finance...
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...