The Securities and Exchange Commission continues to make it clear that whistleblowers are among their most potent enforcement weapons in their law enforcement arsenal. In a press release on March 26, the SEC awarded a combined $50 million to two whistleblowers who provided info leading to a successful enforcement action…
Securities employees who decide to report covert unjust employer practices to other individuals are oftentimes taking a huge personal risk for public betterment. Without legal protection, these whistleblowers could end up facing termination, workplace harassment, and other retaliation. While various federal, state, and common laws exist to provide anonymity and…
The Securities and Exchange Commission’s program to reward whistleblowers for coming forward has undoubtedly been an asset in recovering fraud for the regulatory agency. Useful tips from whistleblowers have helped the Securities and Exchange Commission recover over $1 billion in enforcement actions. The SEC whistleblower program offers financial incentives and…
BlackRock has been charged by the SEC with removing whistleblower incentives in their separation agreements with employees, per the SEC. According to the Commission, BlackRock’s charges stemmed from allegations that the company forced employees to waive their ability to obtain whistleblower awards. Provisions such as those in Dodd-Frank provide for…