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...
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...
