United States:
SEC Pays Whistleblower For Tip
20 December 2016
Cadwalader, Wickersham & Taft LLP
To print this article, all you need is to be registered or login on Mondaq.com.
The SEC awarded nearly $1 million to a whistleblower for coming
forward with information that led to multiple SEC enforcement
actions. This is the second award issued in less than one
week.
Jane Norberg, Chief of the SEC Office of the Whistleblower,
stated:
"[W]e hope to continue to encourage individuals to submit
high-quality tips that we can leverage to enforce the law and
protect investors. . . ."
To date, the SEC whistleblower program has awarded more
than $136 million to 37 whistleblowers since issuing its
first award in 2012.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from United States
Corporate Transparency Act Update
Shulman Rogers
With the arrival of spring and the first set of Corporate Transparency Act (CTA) filing deadlines behind us, it is a good time for an update on lessons learned from the initial filings.
Compliance Isn't The Only 'AI Washing' Risk
Bracewell
Companies are rapidly adopting artificial intelligence technologies, and both regulators and private plaintiffs have set their sights on "AI washing," where businesses tout AI capabilities that do not exist.