Ponzi Schemes The SEC defines a Ponzi scheme as “an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new … Continued
UPDATE: In Digital Realty Trust, Inc. v. Somers, the Supreme Court clarified the scope of the whistleblower protection provision of the Dodd-Frank Act. Click here to … Continued
Accounting Fraud SEC Enforcement Action On March 3, 2017, the SEC announced that homebuilding company Desarrolladora Homex S.A.B. de C.V. (Homex) has agreed to settle … Continued
SEC Awards for Disclosures of Foreign Bribery or FCPA Violations Under the SEC Whistleblower Program, the SEC pays awards to whistleblowers who provide original information, … Continued
Qualifying for an SEC Whistleblower Award: Lessons Learned from SEC Whistleblower Award Determinations The SEC Whistleblower Program has issued more than $1.9 billion in … Continued
What is the SEC Whistleblower Program’s Form TCR? The SEC Form TCR (Tip, Complaint or Referral) is the form whistleblowers and their attorneys use … Continued
A Bloomberg BNA article titled SEC Whistle-Blower Awards: No Guarantees quotes SEC whistleblower lawyer Dallas Hammer’s insights about factors that cause an SEC whistleblower reward claim to succeed or fail. … Continued
Press reports indicate that a repeal of the Dodd-Frank Act is among the top policy priorities of the Trump Administration. Though there are provisions in … Continued
SEC Advocates Broad Construction of Whistleblower Protection Provision in Dodd-Frank Act The Securities and Exchange Commission (“SEC”) continues to advocate a broad … Continued
SEC Files Amicus Curiae Brief in Dodd-Frank Whistleblower Retaliation Case The Securities and Exchange Commission (“SEC”) continues to advocate a broad construction of the anti-retaliation … Continued
SEC Enforcement Action for Whistleblower Retaliation On September 29, 2016, the SEC ordered International Game Technology (IGT) to pay a $500,000 penalty for terminating … Continued
A recent decision in Kuhns v. Ledger, No. 15-civ-3246-NRB, 2016 WL 4705160 (S.D.N.Y. Aug. 24, 2016), underscores the broad scope of protected conduct under … Continued