Posts Tagged ‘SEC’

CFTC’s Authority Over Standalone Anti-Fraud Activities under the Dodd-Frank Act

There is presently a disagreement among federal courts as to the scope of the Commodity Futures Trading Commission’s (CFTC) anti-fraud and anti-manipulation authority under the Dodd-Frank Act. The CFTC’s primary focus has always been on swaps and commodity futures contracts governed by the Commodity Exchange Act (CEA).  However, the CFTC has also historically had anti-fraud and anti-manipulation enforcement authority as well relating to transactions that involve actual purchases of a commodity, such as precious metal sales of gold coins.  See CEA Sections 4b; 6(c)(3); 9(a)(2). Read More…


SEC Whistleblower Program reports that 2016 was a record-breaking year

SEC Whistleblower Award

SEC Whistleblower AwardOn the eve of Thanksgiving, one thing we can be thankful for is the great year that the SEC Whistleblower Program had protecting the United States markets from fraud. In its annual report to Congress, the SEC detailed several encouraging trends that it experienced in the fiscal year ending on September 30, 2016. Read More…


SEC Whistleblower Award Of $22 Million Goes To Monsanto Insider

SEC Whistleblower Award

SEC Whistleblower AwardThis week, the Securities and Exchange Commission (“SEC”) announced that it issued an SEC whistleblower award of $22 million to an anonymous company insider who provided key information that resulted in Monsanto Company, a St. Louis-based agribusiness, agreeing to pay an $80 million penalty and retain an independent compliance consultant to settle charges that it violated accounting rules and misstated company earnings as they pertained to its flagship product Roundup, a popular weed-killer.  Read More…


SEC Issues $17 Million Whistleblower Award

SEC Whistleblower Award

SEC Whistleblower AwardLast week, the Securities and Exchange Commission (“SEC”) announced that it issued a whistleblower award of $17 million to an anonymous whistleblower.  The award is the second-largest whistleblower award since the program started five years ago.  The largest award came in September 2014, when the SEC awarded more than $30 million to a whistleblower for providing key information that led to a successful SEC enforcement action. Read More…


SEC Annual Report Highlights More Awards, Increase in Whistleblower Tips

Photo Credit: SEC

Photo Credit: SEC

The Securities and Exchange Commission, Office of the Whistleblower released its 2014 Annual Report to Congress on the Dodd-Frank Whistleblower Program.

According to the report, the SEC issued more whistleblower rewards in Fiscal Year 2014 than every previous year combined.  Recently, the SEC authorized an award of more than $30 million to a whistleblower “who provided key original information” regarding “an ongoing fraud that otherwise would have been very difficult to detect.” This award is the largest made by the SEC’s whistleblower program to date.  It also marked the fourth award to a whistleblower living in a foreign country, “demonstrating the program’s international reach.”  In total, the SEC issued fourteen (14) awards in FY2014. This year also saw other notable developments for whistleblowers, including a significant increase in the number of whistleblower tips and the first anti-retaliation award in the program’s history.

Our firm has significant experience representing whistleblowers who have filed tips with the SEC Office of the Whistleblower.  If you have knowledge of a violation of federal securities laws or regulations and are considering filing a complaint with the SEC, please contact James Hoyer for an evaluation of your claims.  Click here for more information about the firm and to submit your information electronically, or you may contact our office at 800-651-2502.