Final Round of CFTC Fines Expected for LIBOR Manipulation
The Wall Street Journal reported on Friday that the U.S. Commodity Futures Trading Commission and the U.K. Financial Conduct Authority are preparing charges against additional
In Remembrance of Justice Scalia, His FCA & Whistleblower Opinions
Justice Antonin Scalia’s passing on Saturday has been the talk of the political and legal community over the past 48 hours. Justice Scalia joined the
IRS Whistleblower Rewards in FY 2015 Nearly Double
The Internal Revenue Service Whistleblower program has released its annual report to Congress for Fiscal Year 2015. The office awarded just over $103 million to
Any CoCo Bond Whistleblowers?
Over the past few days, we’ve seen the “coco bond carnage” (Bloomberg) play out in newspaper articles as “investors are freaking out” (Business Insider) and
More DOJ Resources for FCPA Whistleblower Tips
In an interview on the TRACE Blog published January 26, 2016, Andrew Weissmann, Chief of the DOJ Criminal Division’s Fraud Section, discussed several aspects of its
Another SEC Whistleblower in Accounting Emerges
Bloomberg has reported that the Securities and Exchange Commission is investigating the accounting of costs and sales at Boeing of two popular aircraft after a
Monsanto Pays $80 Million to SEC for Accounting Issues after Whistleblower Tip
Monsanto, the multinational agriculture company headquartered in the St. Louis area, has agreed to pay the Securities & Exchange Commission an $80 million penalty and
President Obama Calls for SEC, CFTC Budgets to Double
One of the key aspects of President Obama’s proposed Fiscal Year 2017 budget has been an early push for the budgets of Wall Street regulators
WSJ Criticizes CFTC Whistleblower Program
The Wall Street Journal took aim at the CFTC whistleblower program this weekend, claiming that the agency has spent more than it has paid out since launching
SciClone and SAP Settle SEC FCPA Investigations
This week, the SEC announced the resolution of its FCPA investigation into SAP and SciClone Pharmaceuticals announced its own resolution with the SEC. SciClone agreed
Barclays and Credit Suisse Pay Millions to Settle Dark Pool Misconduct Allegations
The U.S Securities and Exchange Commission and the New York State Attorney General have resolved investigations into wrongdoing by Barclays and Credit Suisse in the
Swiss Bank Tax Evasion Program Final Total: $1.3 Billion
The Department of Justice has reached the last non-prosecution agreement with a Swiss Bank as part of its voluntary disclosure program which ended in 2013.
SEC Challenges in Financial Disclosures and Auditors
In a speech this week, SEC Enforcement Chief Andrew Ceresney discussed the types of wrongdoing the SEC has seen over the past few years in
CFTC Launches New Whistleblower Website
The CFTC has launched a new, separate website for its Dodd-Frank whistleblower program. Previously, individuals searching for information looked to the CFTC website which contained
Insider Trading: Personal Benefit Standard Under Supreme Court Review
Last year, we speculated about the likelihood that the Supreme Court would accept a significant insider trading case at the urging of the Justice Department.
Supreme Court Upholds Class Actions Against Wage Theft
It has been a good week for consumers and employees as the Supreme Court protected the right to proceed with a class action and the
Industry Expert Receives $700,000 SEC Reward Amidst 4 Whistleblowers
The SEC rewarded an industry expert with more than $700,000 after evaluating four whistleblower requests for a reward. In the press release concerning the award,
Goldman Sachs to Settle Mortgage Fraud Issues for $5.1 Billion
Goldman Sachs announced a tentative agreement yesterday with the Department of Justice, two state governments and a few other entities concerning federal and state investigations