The head of the Securities and Exchange Commission’s whistleblower program, Jane Norberg, will leave her post later this month.
Whistleblowers
Posted inEthics & Culture
In the battle over whistleblowers, money matters
Is there competition among international regulators with courting whistleblowers? If so, writes Martin Woods, the path to victory is obvious: monetary incentives.
Posted inEthics & Culture
Meghan Markle, Burger King, and lessons in reputation management
Aly McDevitt examines Meghan Markle’s tell-all interview with Oprah through the scope of a whistleblower and highlights Burger King’s International Women’s Day Twitter fail as a lesson for companies in assessing social media reputation risks. For more Nailed It or Failed It, click here.
Posted inWhistleblowers
SEC issues first-ever whistleblower award pegged to DOJ settlement
For the first time, the SEC has made an award to a whistleblower who provided information that led to a related settlement by another agency—in this case, the Department of Justice.
Posted inAML
OSHA will handle antitrust, AML retaliation claims from whistleblowers
The Occupational Safety and Health Administration will oversee worker retaliation claims for two new categories of whistleblowers—antitrust and anti-money laundering.
Posted inEthics & Culture
National Holdings nears settlement with former chief compliance officer
National Holdings has reached a proposed settlement in a lawsuit filed by a former chief compliance officer who alleged she was fired for investigating insider trading by the brokerage firm’s executives, although the firm denies the allegations.
Posted inRegulatory Enforcement
SEC: GPB Capital operated ‘Ponzi-like’ scheme, retaliated against whistleblower
GPB Capital Holdings allegedly defrauded more than 17,000 retail investors in a Ponzi-like scheme, then attempted to impede an employee from blowing the whistle on the illegal practices, according to the SEC.
Posted inWhistleblowers
SEC sets whistleblower annual award record ($176M) four months into fiscal year
The Securities and Exchange Commission has announced over $176 million in whistleblower awards in the first four months of the current fiscal year, already more than any other year in its history.
Posted inAML
We’ve been failing at AML efforts, but new U.S. rules offer hope
If we fail to improve our collective AML efforts, specialized law firms will offer an inviting incentive to those who blow the whistle on our continued failings, writes Martin Woods.
Posted inAccounting & Auditing
Audit whistleblower receives $300K in rare SEC award
The Securities and Exchange Commission announced the award of $300,000 to a whistleblower with audit-related responsibilities, a rarity for the program.