On January 24, the U.S. Securities and Exchange Commission SEC issued a $28 million award to joint whistleblowers who alerted the agency to ongoing fraud, allowing the SEC to return millions of dollars to harmed investors.
SEC has reported record whistleblower awards, and hese trends and the continued popularity of remote work create an opportunity for employers to reassess internal reporting processes and their compliance culture. Employers should have accessible reporting mechanisms.
U.S. Securities and Exchange Commission SEC issued a whistleblower award of approximately $1.5 million to an individual who provided information based upon independent knowledge and analysis which contributed to the success of an SEC enforcement action.
Although violations of OFAC sanctions are enforced primarily by the Office of Foreign Assets Control and the Department of Justice, the SEC can also take enforcement action where the conduct violates the books and records provision of the Exchange Act.
Although violations of OFAC sanctions are enforced primarily by the Office of Foreign Assets Control and the Department of Justice, the SEC can also take enforcement action where the conduct violates the books and records provision of the Exchange Act.