August 15, 2011
CFTC approves whistleblower rules
The Commodities Futures Trading Commission approved new rules for the whistleblower program by a vote of 4-1 on August 4. The vote was postponed from the July 19 meeting. The CFTC announced that the final...
August 12, 2011
New SEC whistleblower program opens today
The SEC whistleblower program outlined by the Dodd-Frank Wall Street Reform and Consumer Protection Act has officially gone into effect today. Whistleblowers who provide “new and timely” information...
July 14, 2011
Harvey Pitt no more prescient now than before
Harvey Pitt — who was Securities & Exchange Commission chair during a time when the SEC let Wall Street run wild, leading to the financial mess the U.S. is in, and who has spent most of career...
May 26, 2011
SEC resists attempts to weaken new whistleblower program
The final rules for the Securities and Exchange Commission’s whistleblower reward program contain provisions that will protect and encourage those who report fraud. Erika Kelton of Phillips and Cohen...
May 25, 2011
Whistleblower attorneys applaud SEC rules on whistleblower reward program
The Securities and Exchange Commission took a big step today to establish a strong whistleblower program by endorsing final rules for the SEC whistleblower program that would reward – but not require...
May 19, 2011
BAE settlement shows government is serious about international fraud
The U.S. State Department’s settlement with BAE Systems PLC of the United Kingdom highlights the increasing focus on international fraud committed by multinational companies in the tax, securities, export...
May 12, 2011
Foreign bribery conviction is a first
The conviction of Lindsey Manufacturing Co., two of its executives and a Mexican sales agent marks the first time a company has been convicted at trial of violating the Foreign Corrupt Practices Act. The...
May 12, 2011
Grassley urges SEC to reconsider proposed SEC whistleblower rules
Sen. Charles Grassley has expressed “serious concerns” about the Securities and Exchange Commission’s proposed regulations for implementing its new whistleblower program, saying the proposed rules...
April 28, 2011
SEC misses deadline for whistleblower rules
The Securities and Exchange Commission has missed the April 21 deadline for finalizing its new whistleblower rules. The expected date is now between May and July, according to the SEC’s calendar....
April 19, 2011
Johnson and Johnson to pay $70 million for subsidiaries’ FCPA violations
Johnson and Johnson has agreed to pay $70 million, following allegations that subsidiaries of the company used improper bribes in foreign countries, including payments to Saddam Hussein, in violation of...