Cornice of old national bank, representing Deutsche Bank and whistleblowers

Study Concludes Whistleblowers A Big 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 in higher monetary penalties for the U.S. as well as longer prison sentences in criminal actions. The study examined financial misrepresentation enforcement actions brought by the Securities and Exchange Commission...

Gold bar lot, referring to Precious Metals Fraud

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 metals fraud cases in its history. In light of that action, we thought it important to remind victims and industry professionals about the CFTC whistleblower program, which offers rewards for...

Cryptocurrency and a graph, representing cybersecurity

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 Tuesday, according to a Reuters article. In line with this comment, we expect that there will be an uptick in the number of rewards to whistleblowers who report cyber security...

Assortment of pills in news article at Young Law Group website. Also representing REMS

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 settle allegations that it minimized the cancer risk of Victoza, a diabetes medication, after the FDA required it to provide safety communications pursuant to a Risk Evaluation and Mitigation Strategies...

Close-up Photo of Police Siren, representing corporate policing

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 start of a new era in the False Claims Act as businesses begin to turn in their unethical competition to the U.S. Government in order to preserve fair competition in...

Close-up Photo of Monitor, representing Ontario Securities

Ontario Securities Commission Receives At Least 4 Significant Tips

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 one of Canada’s largest private equity firms according to the Wall Street Journal. Officials at the Ontario Securities Commission and a unit of the Toronto Police Service have inquired about...

Close-Up View of System Hacking in a Monitor, representing cybersecurity

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. The Risk Alert details improvements and weaknesses observed during the National Examination Program staff’s examination of 75 broker-dealers, investment advisers and investment companies conducted between September 2015 and June 2016....

Bank buildings, representing Citigroup Accused of Spoofing

Spoofing Case Leads to $25 Million Fine in CFTC’s First Non-Prosecution Agreements

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 $25 million fine for sending orders into the U.S. Treasury futures market with the intent of canceling them. Now, the CFTC has entered into its first non-prosecution agreements ever, making...

A Person in Green Plaid Long Sleeve Shirt Shaking Hands with Person in Black Blazer, representing SEC Whistleblowers or FCPA Enforcement Action

SEC Settles 1st FCPA Enforcement Action Under President Trump Now

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 made to a local Angola company in the course of winning lucrative oilfield services contracts. The corporate settlement was the first under the Foreign Corrupt Practices Act (FCPA) since President...

Person Wearing Blue Sterile Gloves - setting a good example, representing healthcare fraud

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 fraud following allegations against a major player that resulted in a $155 million settlement under the False Claims Act for skirting meaningful use regulations. In a recently released video, a...

Category: News