On Monday, June 26, 2017, the U.S. Supreme Court agreed to review whether the Dodd-Frank Act (DFA) prohibits retaliation against internal whistleblowers or only covers individuals who report to the
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whistleblower
SEC Continues Enforcement Push as Outlined in its Announcement of FY 2016 Statistics
By Jason S. Lewis on
Posted in SEC
In an announcement this week related to FY 2016 enforcement statistics, the SEC reported another increase and outlined its continued robust efforts. In 2016, the SEC filed 868 enforcement actions…
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SEC Scrutinizes Severance Agreements for Compliance With Dodd-Frank
By Jack Gearan on
Posted in Dodd-Frank, SEC
Recent SEC Fines
On Aug. 16, 2016, the U.S. Securities and Exchange Commission (SEC) announced that it had issued its second fine in as many weeks concerning a company’s use …
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CFTC Picking Up the Pace of Whistleblower Program
By Douglas M. Grom & Douglas E. Arend on
Both the SEC and the CFTC were authorized by the Dodd-Frank Act to reward certain persons for providing information that leads to an enforcement action. Prompted by such a “whistleblower’s” notification, the CFTC investigated and initiated a widely-reported civil enforcement action against a trader. Under the CFTC’s implementation of the whistleblower program, for information that leads to monetary sanctions in excess of $1 million, whistleblowers can be paid between 10% and 30% of the sanction.
Continue Reading CFTC Picking Up the Pace of Whistleblower Program