The Securities and Exchange Commission today announced an award of more than $4 million to a whistleblower whose original information alerted the agency to a fraud. The SEC’s whistleblower program has awarded more than $111 million to 34 whistleblowers since its inception in 2011. By law, the SEC protects the confidentiality of whistleblowers and does…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced an award of approximately $50,000 to a whistleblower who voluntarily provided key original information that led to a successful CFTC enforcement action. The award is the fourth award made by the CFTC’s Whistleblower Program to a whistleblower who provided valuable information about violations of the Commodity…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced an award of more than $10 million to a whistleblower who provided key original information that led to a successful CFTC enforcement action. The award is the largest made by the CFTC’s Whistleblower Program to date and the third award to a whistleblower who provided valuable…
Read moreThe Securities and Exchange Commission today announced a whistleblower award totaling more than $325,000 for a former investment firm employee who tipped the agency with specific information that enabled enforcement staff to open an investigation and uncover the extent of the fraudulent activity. The whistleblower provided a detailed description of the misconduct and specifically identified…
Read moreThe new rules, to take full effect in September 2016, aim to encourage individuals within financial institutions to raise concerns and challenge poor practice and behaviour.
Read moreThis is the second whistleblower award to be issued by the CFTC.
Read more“By requiring its employees and former employees to sign confidentiality agreements imposing pre-notification requirements before contacting the SEC, KBR potentially discouraged employees from reporting securities violations to us,” - Andrew J. Ceresney, Director of the SEC’s Division of Enforcement
Read moreWhistleblower Haim Bodek prompted a complaint by the SEC in 2011 which has culminated this week in a $14 million fine having been issued to two exchanges formerly owned by Direct Edge Holdings, and since acquired by BATS Global Markets
Read moreDeutsche Bank, one of the world's largest FX dealers, has submitted its responses to questions posed by ESMA on forming market abuse regulations
Read moreThe CFTC’s Whistleblower Program is attracting high-quality tips and cooperation that might not otherwise be received and is already having an impact on the Commission’s enforcement mission.
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