Whistleblower Protection Blog

Whistleblower Protection Blog

Advocating Whistleblower Rights for over Twenty Years

Tag Archives: sec

National Whistleblower Center Testifies Before House Committee in Defense of the SEC Whistleblower Program

Posted in Corporate Whistleblowers
CymyNatWEAEJDZ2Today, National Whistleblower Center Executive Director Stephen Kohn submitted testimony to the House Financial Services Committee in defense of the Securities and Exchange Commission’s (SEC) whistleblower program—a highly successful program that has protected investors and recovered $1 billion from Wall Street fraudsters since its inception. Section 823 of the draft Financial Choice Act of 2017 directly, and negatively, impacts the… Continue Reading

SEC: Incentives for Whistleblowers Best Way to Uncover Securities Law Violations

Posted in Corporate Whistleblowers, International
Dodd-FrankWashington, DC, November 16, 2016. The Securities and Exchange Commission (SEC) Whistleblower Program had its most successful year to date in 2016. The agency, which issued its annual report to Congress today, reports it issued awards totaling over $57 million in 2016—higher than all award amounts issued in previous years combined. The Office of the Whistleblower (OWB) received over 4,200… Continue Reading

Brazilian Aircraft Maker Settles Bribery Charges for $205 Million

Posted in Claim SEC Award, Corporate Whistleblowers, International
Embraer_190-335x223On Tuesday October 25th, the Securities and Exchange Commission announced a global settlement along with the U.S. Department of Justice and Brazilian authorities that requires aircraft manufacturer Embraer S.A. to pay more than $205 million to resolve alleged violations of the Foreign Corrupt Practices Act (FCPA).… Continue Reading

Och-Ziff Hedge Fund Pays Over $400 Million to Settle Foreign Bribery Charges

Posted in Claim SEC Award, Corporate Whistleblowers
Och-Ziff Hedge Fund Pays Over $400 Million to Settle Foreign Bribery ChargesWashington D.C. October 9, 2016.  Och-Ziff Capital Management Group (Och-Ziff), A New York-based alternative investment and hedge fund manager, agreed to pay a combined total amount of U.S. criminal and regulatory penalties of approximately $412 million to settle charges it violated the Foreign Corrupt Practices Act.  In separate announcements yesterday the Securities and Exchange Commission (SEC) and the Department of… Continue Reading

New Chief of SEC Whistleblower Office Named

Posted in Corporate Whistleblowers
SEC Says Employees Protected For Internal WhistleblowingThe Securities and Exchange Commission (SEC) announced that Jane Norberg will now head its whistleblower office.  The SEC Office of the Whistleblower reviews whistleblower tips, evaluates whistleblower award claims, and makes recommendations on whether claimants should receive an award for their information. Ms. Norberg has served as acting chief since the departure of Sean McKessy in July.… Continue Reading

SEC Whistleblower Awards Top $100 Million

Posted in Corporate Whistleblowers
SECTop10image-670x335The Securities and Exchange Commission (SEC) announced August 30, 2016 that it has awarded over $100 million to whistleblowers since its inception in 2011.  The SEC’s whistleblower program was established by Congress to incentivize whistleblowers with specific, timely and credible information about federal securities law violations to report to the SEC.… Continue Reading

Deutsche Bank Whistleblower Should Accept SEC Whistleblower Award

Posted in Claim SEC Award, Corporate Whistleblowers
Deutsche Bank Whistleblower Should Accept SEC Whistleblower AwardThere are more effective ways to protest lax enforcement of financial fraud Last week, it was widely reported that Eric Ben-Artzi, a Deutsche Bank whistleblower stated he will refuse a portion of his whistleblower award from the U.S. Securities and Exchange Commission’s whistleblower program.   Mr. Ben-Artzi had worked at the bank as a vice president and he tells an all… Continue Reading

SEC Whistleblower Awards List June 2016

Posted in Claim SEC Award
SEC Says Employees Protected For Internal WhistleblowingThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led… Continue Reading

Sean McKessy, Chief of SEC’s Whistleblower Office, Leaving Agency Later This Month

Posted in Corporate Whistleblowers, News
SEC Says Employees Protected For Internal WhistleblowingWashington, D.C., July 8, 2016. Last week, the Securities and Exchange Commission announced that the Chief of the Office of the Whistleblower, Sean McKessy, would leave the agency in July. Mr. McKessy was the first head of the SEC’s whistleblower program and helped to establish the important and effective whistleblower office.… Continue Reading

March-May 2016 SEC Whistleblower Awards List

Posted in Claim SEC Award, Corporate Whistleblowers
SEC Whistleblower Program SuccessThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led… Continue Reading

The Securities and Exchange Commission Confirms Critical Role Whistleblowers Play in Holding Fraudsters Accountable

Posted in Corporate Whistleblowers, News
SEC Says Employees Protected For Internal WhistleblowingThe head of the SEC’s Office of the Whistleblower, Sean McKessy, reported on Friday that the increased number of rewards paid out to whistleblowers “reflects the high-quality nature of the tips the SEC is receiving as public awareness of the whistleblower program grows.”  To date, the SEC has awarded 31 separate awards totaling $68 million to whistleblowers.… Continue Reading

October – December 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
stopfraudThe SEC Office of the Whistleblower posts Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million. Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led… Continue Reading

SEC Awards Company Outsider $700,000

Posted in Claim SEC Award, News
SEC Says Employees Protected For Internal WhistleblowingWashington, D.C. January 15, 2016. The Securities and Exchange Commission issued a landmark award to an industry expert who provided it with “high-quality analysis” in an enforcement action.  The whistleblower award of more than $700,000 marks the first time the SEC has issued an award to someone outside a company since the whistleblower office opened in 2011.… Continue Reading

Top 10 Whistleblower Protection Blog’s Posts of 2015

Posted in News
Top ten Whistleblower Protection Blog posts of 2015The Whistleblower Protection Blog’s most popular posts during the past year covered a wide range of whistleblower topics including court victories improving whistleblower rights, the introduction of new whistleblower legislation,  and the Congressional celebration honoring whistleblowers. We really appreciate the support from our loyal readers. You have given us another successful year. If you’d like to be the first to know… Continue Reading

SEC Annual Report Highlights Success of International Whistleblower Program

Posted in Corporate Whistleblowers, International
SEC Whistleblower Program SuccessWashington, DC, November 16, 2015.  The SEC’s Office of the Whistleblower issued its annual report today highlighting the successes of the Office.  This includes payments of more then $37 million to whistleblowers in 2015 and a 30% increase in the amount of claims filed with the office.  The SEC also took enforcement action to ensure that corporations stop using restrictive… Continue Reading

August 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
The SEC Office of the Whistleblower post Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led to… Continue Reading

July 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
The SEC Office of the Whistleblower post Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led to… Continue Reading

SEC Says Employees Protected For Internal Whistleblowing

Posted in Corporate Whistleblowers
SEC Says Employees Protected For Internal WhistleblowingOn August 4, 2015, the Securities and Exchange Commission (“SEC”) issued an interpretive rule to dispel confusion over whether employees who only report violations to their employer are protected by the Dodd-Frank whistleblower protection provision. The SEC will formally publish this interpretative rule in the Federal Register and it will operate as an amendment to the Dodd-Frank whistleblower rules. A… Continue Reading

June 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
The SEC Office of the Whistleblower post Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led to… Continue Reading

May 2015 SEC Whistleblower Awards List

Posted in Claim SEC Award
SEC third largest whistleblower awardThe SEC Office of the Whistleblower post Notices of Covered Action where a final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.Subject to the Final Rules, individuals who voluntarily provided the Commission with original information after July 21, 2010 that led to… Continue Reading

Third Largest SEC Whistleblower Award Issued

Posted in Claim SEC Award, Corporate Whistleblowers
SEC third largest whistleblower awardWashington D.C., July 17, 2015: Today the Securities and Exchange Commission (SEC) announced that it paid a whistleblower award of more than $3 million. The company insider whose information helped the SEC crack a complex fraud, received the third highest award to date under the SEC’s whistleblower program. Stephen M. Kohn, Executive Director of the National Whistleblower Center praised the award… Continue Reading