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...
October 02, 2020
SEC whistleblower program sets records in FY 2020 with $175M in awards
The Securities and Exchange Commission whistleblower program had a banner year in fiscal year 2020, with 39 whistleblowers receiving a total of $175 million in awards. The total amount of SEC whistleblower...
Posted In Whistleblower Law Insights
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...
September 01, 2020
Bank of Nova Scotia’s $127M settlement in spoofing case sets records
The Bank of Nova Scotia’s recent $127 million settlement with the government for “spoofing” and other conduct set several records. The BNS settlement announced Aug. 19 included a $42 million penalty...
Posted In Whistleblower Law Insights
August 20, 2020
DOJ, SEC update FCPA handbook – what it means for whistleblowers
The DOJ and SEC’s recent release of an updated edition of “A Resource Guide to the U.S. Foreign Corrupt Practices Act” affirms a broad application of agency anti-corruption enforcement powers, while...
Posted In Whistleblower Law Insights
August 10, 2020
Cephalon whistleblower tells compelling story in his book
The Cephalon whistleblower who first exposed the pharma company’s off-label marketing of potentially dangerous drugs has published a book that tells the heartfelt story of his experience as a whistleblower....
Posted In Whistleblower Law Insights
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...
July 13, 2020
Covid fraud schemes are spreading; whistleblowers can help
Covid-19 has spread rapidly throughout the United States, and so has Covid-19 fraud. Criminals respond quickly and imaginatively to opportunity, and there has been no greater opportunity in recent memory...
Posted In Whistleblower Law Insights
June 25, 2020
False Claims Act penalties increase in 2020
The US Department of Justice has raised the minimum and maximum penalties that can be assessed for violations of the False Claims Act, as well as civil monetary penalties under other laws, starting this...
Posted In Whistleblower Law Insights
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...
