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The Filing Cabinet
"The Filing Cabinet," which covers compliance with the Dodd-Frank Act and the Sarbanes-Oxley Act, as well as other regulatory action from the Securities and Exchange Commission, executive compensation, and shareholder activism, is written by CW staff writer Joe Mont. Mont welcomes questions, comments, and statements from readers on SEC filing matters and will address them here when appropriate. Readers can contact him at joe.mont@complianceweek.com.
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The Filing Cabinet Blog
SEC Petitioned for Tougher Whistleblower Protections
Joe Mont | July 21, 2014
A coalition of whistleblower advocates has petitioned the Securities and Exchange Commission, asking that new language be added to existing whistleblower rules to address “unscrupulous legal maneuvers,” including: preventing employees from consulting independent legal counsel, requiring notice of external reporting, demanding waivers of any future whistleblower awards, and threatening lawsuits to enforce secrecy agreements.
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The Filing Cabinet Blog
SEC Gives Largest Ever Award to Informant: $30 Million
Joe Mont | September 22, 2014
The Securities and Exchange Commission has given a $30 million award to an informant whose tips led to a major enforcement action. Beyond its size, the award is notable because it is the fourth award to a whistleblower living in a foreign country. The whistleblower’s delay in coming forward limited the amount he or she could receive, but leniency was granted because initial tips would have pre-dated the creation of its bounty program, the SEC added. More inside.
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The Filing Cabinet Blog
GAO Faults SEC for Internal Control Deficiencies
Joe Mont | November 17, 2014
The message from the Government Accountability Office to the Securities and Exchange Commission: practice what you preach. A new, 176-page report from the government watchdog faults the agency for “a significant deficiency" in internal controls for its Investor Protection Fund.
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The Filing Cabinet Blog
OSHA Gives Whistleblowers More Time to Report Retaliation
Joe Mont | March 9, 2015
The Occupational Safety and Health Administration has issued a final rule that clarifies its procedures for handling whistleblower retaliation complaints. It gives aggrieved employees an extra 90 days to file allegations and allows those complaints to be made orally, not just in writing.
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The Filing Cabinet Blog
OSHA Seeks Comments on Whistleblower Guidance
Jaclyn Jaeger | December 18, 2015
The Occupational Safety and Health Administration is seeking public comments on a draft document intended to provide guidance to employers on preventing retaliation against whistleblowers. Comments are due Jan. 19, 2016.
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The Filing Cabinet Blog
CFTC wants to enhance whistleblower incentives
Joe Mont | September 8, 2016
The Commodity Futures Trading Commission is looking to beef up its enforcement efforts with proposed amendments to its whistleblower rules. The move comes, says Joe Mont, as the SEC’s whistleblower bounty program recently surpassed the $100 million mark.
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The Filing Cabinet Blog
SEC’s Ceresney on the role of whistleblower attorneys
Joe Mont | September 15, 2016
In a speech this week, SEC Enforcement Director Andrew Ceresney addressed the role that the attorneys representing informants can play in the process, including managing expectations, producing corroborating materials, and helping to ensure post-enforcement confidentiality. Joe Mont has more.
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The Filing Cabinet Blog
Wells Fargo CEO forfeits $41M; DOL launches labor law investigations
Joe Mont | September 28, 2016
The latest developments in the ongoing Wells Fargo scandal: clawbacks, including a $41M hit for CEO John Stumpf; a Department of Labor investigation; and a new class-action lawsuit. Joe Mont has more.
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The Filing Cabinet Blog
SEC introduces whistleblower 'pretaliation' to financial firm exams
Joe Mont | October 27, 2016
The Securities and Exchange Commission's hunt for whistleblower “pretaliation” will now be a part of its nationwide examination and inspection program for financial firms.
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The Filing Cabinet Blog
CFTC strengthens protections for whistleblower
Joe Mont | May 26, 2017
The CFTC is bolstering whistleblower protections. New rule amendments provide enhanced anti-retaliation measures, streamline the reporting process, and better align agency's program with one at the SEC.
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The Filing Cabinet Blog
Supreme Court weighs in on SEC's whistleblower program
Joe Mont | February 21, 2018
The Supreme Court this week placed limitations on the SEC's whistleblower program. "To sue under Dodd-Frank’s anti-retaliation provision, a person must first 'provide information relating to a violation of the securities laws to the Commission,'” wrote Justice Ruth Bader Ginsburg.
Displaying 11 results