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
Corporate Policing in 2017: The Exciting Evolution of Whistleblowing
Corporate Policing and Whistleblowing Whistleblowing has traditionally involved insider reports of corporate wrongdoing by employees of a business. A recent whistleblower lawsuit may signal the
Ontario Securities Commission Receives Key Tips for Action
Ontario Securities Commission Accepting Whistleblower Tips Since the Ontario Securities Commission opened its whistleblower program to tips, at least four individuals have filed complaints against
SEC Reports Substantial Cybersecurity Improvements in 2017 Risk Alert Report; Challenges Remain
Cybersecurity: A Hot Topic The SEC recently released a Risk Alert on cybersecurity produced by the Office of Compliance Inspections and Examinations (“OCIE”) this week.
Spoofing Case Results in $25M Fine: CFTC’s Landmark Decision
Citigroup Accused of Spoofing In January, the CFTC settled its first civil enforcement action against a bank for spoofing when Citigroup agreed to pay a
SEC Settles First FCPA Enforcement Action Under Trump
FCPA Enforcement Action Against Halliburton At the end of July, the U.S. Securities and Exchange Commission announced a $29.2 million settlement against Halliburton for payments
Menacing Healthcare Fraud in Electronic Records Probed by DOJ After $155 Million Settlement
“An entirely new area of healthcare fraud” The Department of Justice (DOJ) is expected to investigate electronic health record (EHR) software providers for health care