SEC Enforcement Division Issues Annual Report on FY2017
Annual Report by the SEC Enforcement Division This week, the SEC Enforcement Division issued its annual report on its enforcement actions in Fiscal Year 2017
Senate Reconsiders Strong Whistleblower Protections
Whistleblower Protections Back in the Senate The bipartisan bill promoting whistleblower protections for individuals reporting antitrust violations, the Criminal Antitrust Anti-Retaliation Act (“CAARA”), is back
IRS LB&I Now Has 24 Issues for Tax Examinations
The IRS Large Business & International Division (LB&I) is launching eleven compliance campaigns to target potential tax issues at the nearly 300,000 taxpayers within its
Grassley Proposes 15 Solid Whistleblower Amendments to Senate’s Tax Cuts and Jobs Act
Whistleblower Amendments Proposed Senator Grassley has proposed 15 amendments to the Senate bill for the Tax Cuts and Jobs Act. Two of those amendments are
SEC Whistleblowers: Have Investors Been Seriously Harmed?
SEC Whistleblowers: Technical violation or substantial damages? One of the central questions that we ask in the evaluation of information from potential whistleblowers is whether
DOJ Announces Largest Hospice Fraud Settlement Ever – $75 Million
The Largest Hospice Fraud Settlement Ever The Justice Department announced the resolution of a False Claims Act lawsuit with a $75 million settlement by Chemed
Strong Cyber Unit and Retail Strategy Task Force Priorities of 2017
We wrote a few months back about the creation of the Cyber Unit and Retail Strategy Task Force at the SEC. In the Keynote Speech
SEC Charges Rio Tinto with Big Accounting Fraud in 2017
SEC Charges Rio Tinto with Accounting Fraud The U.S. Securities and Exchange Commission has filed a complaint in the Southern District of New York alleging
Australia Joint Committee Recommends More Helpful Whistleblower Protections
One Step Closer for Whistleblower Protections in Australia Australia appears to have moved one step closer to adopting whistleblower rewards and additional retaliation protections with
Telia Settles FCPA Bribery Investigation for $965 Million
Bribery Investigation Settled for Almost $1 Billion The United States has concluded its third-largest FCPA enforcement action with a settlement of $965 million in total
IRS Clarifies 6103(n) Whistleblower Contracts
Whistleblower Contracts Clarified by IRS Earlier this year, the IRS Whistleblower Office and its Director Lee Martin issued guidelines for the use of 6103(n) contracts
Recap of Expansive CFTC Whistleblower Program in FY 2017
2017’s CFTC Whistleblower Program We are approaching the end of the U.S. Government’s 2017 fiscal year on September 30th. We haven’t written too much about
CFTC’s New Self-Reporting Program Recently Unveiled on Sep. 26, 2017
CFTC’s Self-Reporting Program Now Available The CFTC’s (Commodity Futures Trading Commissions) Director of Enforcement unveiled a new program this week to promote self-reporting of violations
U.S. Takes on Despicable Disaster Relief Fraud and ICO Fraud
Disaster Relief Fraud and ICO Fraud Making Headlines Disaster relief fraud and Initial Coin Offering (ICO) fraud are two areas that have been making headlines
Whistleblowers Help U.S. Recover Higher Penalties
Whistleblowers Are a Big Help A recently publicized April 2017 research study has concluded that whistleblower involvement in enforcement actions related to financial misrepresentations results
Precious Metals Fraud Takes Customers for $290 Million
Precious Metals Fraud Affecting Thousands of Retail Customers The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against one of the largest precious
SEC Chief Says Cybersecurity is a Top Priority
SEC Chair Says Cybersecurity is a Top Priority SEC Chair Jay Clayton declared cybersecurity one of the top enforcement issues at the securities regulator on
False Claims Act Lawsuits over REMS Safety Education
REMS Program Results in FCA Lawsuits After a number of whistleblower lawsuits under the False Claims Act, Novo Nordisk will pay approximately $59 million to