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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-07-19T16:20:00
A whistleblower will be paid $37 million by the Securities and Exchange Commission (SEC) for providing original, credible information that led to a successful enforcement action.
The award, announced in a press release Wednesday, will be paid out through an investor protection fund that is financed through penalties paid to the SEC by securities law violators. Whistleblower awards consist of between 10 and 30 percent of money collected in an enforcement action when the sanctions exceed $1 million.
The SEC protects the confidentiality of all whistleblowers and does not link the award to a particular enforcement action, as mandated by the Dodd-Frank Act, which established the SEC’s whistleblower program.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
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2024-07-16T16:48:00Z By Aaron Nicodemus
Anonymous employees of OpenAI accused the company of requiring employees to sign nondisclosure agreements (NDAs) that “prohibited and discouraged” them from reporting securities law violations to federal regulators.
2024-06-20T15:37:00Z By Aaron Nicodemus
A whistleblower received an $8 million award from the Commodity Futures Trading Commission for uncovering fraud—even though the agency deemed the whistleblower was culpable in the misconduct.
2024-06-05T19:14:00Z By Kyle Brasseur
The Department of Justice’s 90-day sprint to developing and implementing a pilot whistleblower rewards program ended Wednesday, and many questions remain about what the program will entail.
2024-05-23T15:35:00Z By Kyle Brasseur
Compliance Week Advisory Board members Eric Young and Ellen Hunt participate in a debate-style discussion regarding whistleblower-related topics including culture of compliance, monetary incentives, retaliation, and more.
2024-04-29T11:39:00Z By Neil Hodge
The European Union’s strong stance on whistleblower protection has been undermined by member states’ wildly different approaches to punishing organizations that fail to safeguard people who raise concerns, says Wirecard whistleblower Pav Gill.
2024-04-19T11:00:00Z By Aaron Nicodemus
The Department of Justice’s Antitrust Division, the Federal Trade Commission, and the Department of Health and Human Services partnered to create an online portal for the public to report instances of anticompetitive practices in the healthcare sector.
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