Time Is Running Out to Report on Conflict Minerals

Very soon, manufacturers will have to report on the presence of “conflict minerals”, in their supply chains, that come from the Democratic Republic of the Congo. Starting May 31, 2014, publicly traded companies will be required to declare to the SEC whether or not their products or components contain tin, tungsten, tantalum or gold, (3TG) taken from … Continued

2013 Annual Whistleblower Report – Dodd-Frank

The Sec has released its 2013 annual report on the Dodd-Frank WhistleBlower Program and things seem to be looking up. The SEC’s Office of the Inspector General released the report on January 18, 2013 and concluded that the overall whistleblower program was effective and operated appropriately. It also concluded that the rules implementing the whistleblower … Continued

The First SEC WhistleBlower Gets a Second Payout

The SEC whistleblower who first received an award payout under the Dodd-Frank program more than two years ago, will collect an additional $150,000 thanks to more funds recovered in the case. This whistleblower, not yet identified in order to protect confidentiality, has now been paid about $200,000. The first Dodd-Frank award was announced in August … Continued

What FCPA Activity Should We Expect to See in 2014?

2013 saw several important developments in the enforcement of the Foreign Corrupt Practices Act (FCPA). The US Department of Justice and the SEC collected in excess of $635,000,000 combined in civil and criminal penalties from individual and corporate investigations. The first month of 2014 saw the collection of $384,000,000 in a single settlement. The DOJ … Continued

2014 – Year Of the Whistleblower?

A recent article in Forbes, cited 2014 as the year of the whistleblower. With Timothy Snowden leading the headlines and jawdropping settlements from the IRS for whistleblowers, 2014 does indeed seem to be destined to be the year for whistleblowers. So what does this mean for employers? If you do not want to see your … Continued

Whistleblowers Must Report to SEC for Anti-Retaliation Protections

A recent decision by the Fifth Circuit Court of Appeals has confirmed that the anti-retaliation provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act only confer protections to whistleblowers who report conduct to the Securities and Exchange Commission. Whistleblowers Must Report Conduct to the SEC Dodd-Frank1 encourages individuals to provide information helpful to … Continued

Canadians Among Top Whistleblowers Under Dodd-Frank Program

The Securities and Exchange Commission just released its 3rd Annual Report on the success of the Whistleblower Program.  A few of the highlights include: There was over $14 million paid out to whistleblowers as a result of tips There is over $439 million in funding available to pay whistleblowers for tips There were 3,238 formal … Continued

SEC to Use Own Tribunals in Wake Of Dodd-Frank Changes

Be fraud aware! November 3rd-8th is International Fraud Awareness Week. Visit www.whistleblowersecurity.com for the latest industry news and all your current fraud prevention tools. Happy Halloween! According to recent public statements by a high-ranking Securities and Exchange Commission official reported by The New York Times, the SEC expects to bring more enforcement proceedings in front … Continued

SEC Awards $14 Million to Whistleblower

On October 1, 2013 the U.S. Securities and Exchange Commission announced an award of more than $14 million to an unidentified whistleblower whose information led to an SEC enforcement that recovered substantial investor funds. The whistleblower provided original information and assistance that enabled the SEC to bring an enforcement action more quickly than it could … Continued

Recent US Whistleblower Developments

The Sarbanes-Oxley Act of 2002 and the Dodd-Frank Wall Street Reform and Consumer Protection Act both extend whistleblower protection to certain individuals who report conduct they believe constitutes a violation of federal law relating to financial, securities, or shareholder fraud. The United States Supreme Court is expected to soon issue a decision on the important … Continued