CFTC Launches New Whistleblower Website
The CFTC has launched a new, separate website for its Dodd-Frank whistleblower program. Previously, individuals searching for information looked to the CFTC website which contained
Insider Trading: Personal Benefit Standard Under Supreme Court Review
Last year, we speculated about the likelihood that the Supreme Court would accept a significant insider trading case at the urging of the Justice Department.
Supreme Court Protects Class Actions as DOL Fights Wage Theft
It has been a good week for consumers and employees as the Supreme Court protected the right to proceed with a class action and the
Industry Expert Receives $700,000 SEC Reward Amidst 4 Whistleblowers
The SEC rewarded an industry expert with more than $700,000 after evaluating four whistleblower requests for a reward. In the press release concerning the award,
Goldman Sachs to Settle Mortgage Fraud Issues for $5.1 Billion
Goldman Sachs announced a tentative agreement yesterday with the Department of Justice, two state governments and a few other entities concerning federal and state investigations
Employment Class Action Settlements Set Record in 2015 Amidst Tidal Wave of FLSA Lawsuits
Class Action Litigation Report Settlements in all types of workplace class actions in 2015 reached an all-time high of $2.48 billion according to the 12th
ETFS and Variable Annuities Added to SEC Exam Priorities in 2016
Exchange Traded Funds and Variable Annuities Expect the Securities and Exchange Commission to take a harder look at whistleblower tips related to Exchange Traded Funds
Morgan Stanley Pays $8.8 million to SEC for Prearranged MBS Trading
Morgan Stanley Agrees to Settlement Morgan Stanley Investment Management has agreed to pay $8.8 million to resolve an investigation into mortgage backed securities that its
4 Settlements for Justice Dept as Health Care Companies Seek to Avoid Coal for Christmas
End of the Year Settlements It must be the last weekend before Christmas because health care companies are looking to resolve government investigations into their
JP Morgan Pays Massive $367 to Settle Client Steering Probes by SEC, CFTC
Settlement Agreements for JP Morgan An investigation into the adequacy of disclosures to clients of its wealth management business has resulted in a settlement of
Reminder: CA and IL Allow Insurance Fraud Whistleblowers
Insurance Fraud Whistleblowers The majority of work we do for whistleblowers reporting health care fraud involves cases of fraud against the US Government’s Medicare and
CFTC Fines Total $3.6 Million for Natural Gas Manipulation
The U.S. Commodity Futures Trading Commission will settle an investigation into manipulation of the natural gas market with a subsidiary of French oil company Total
SEC Investigating Collusion in Harmful Credit Default Swaps
Bloomberg is reporting that investment banks are under investigation by the Securities and Exchange Commission for manipulation of the credit default swap market. Employees or
Whistleblower Rewards Top $597 Million in FY 2015 as DOJ Recovers $3.5 Billion through False Claims Act
Whistleblower Rewards are High Whistleblowers helped the Justice Department recover $2.8 billion in fiscal year 2015. For their assistance, they received nearly $600 million in
OIG reviewing CFTC Whistleblower Program as Administration of Reward Programs Gets Scrutinized
CFTC Whistleblower Program Review The Office of the Inspector General has refocused on an investigation of the Commodity Futures Trading Commission Whistleblower Office to determine
Whistleblowers Discover More Fraud than Internal or External Audits in Official 2015 Annual Global Fraud Report
Internal or External Audits Pale in Comparison Fraud within companies is on the rise and whistleblowers are playing a crucial role in helping detect it,
GAO Reports on IRS Whistleblower Program
The U.S. Government Accountability Office has issued a report on the IRS whistleblower program following a year long audit of the program, its operation and
CFTC Proposes New Regulations for High Speed Trading
Proposal for High Speed Trading The CFTC has launched its first proposal for regulating automated trading in the futures market. The regulations, which will be