Recent Posts tagged as 'Whistleblower Awards'
Blog Post
09/06/2018
By John A. Marty

This summer the Commodity Futures Trading Commission (“CFTC”) issued its first award since August 2016. On July 12, 2018, the CFTC announced a $30 million award, which was only the fifth award under the CFTC’s whistleblower program and the largest since the program’s creation in 2011.

Blog Post
04/13/2018
By Albert F. Moran

The IRS recently withdrew its appeal of a 2016 Tax Court ruling, Whistleblower 21276-13W v. Commissioner, 147 T.C. 4 (2016), which held that a husband-and-wife team of tax whistleblowers were entitled to recover a share of all proceeds recovered by the IRS from a delinquent taxpayer, including fines and civil forfeitures.

Blog Post
12/19/2017
By Justin C. Danilewitz and John A. Marty

Just in time for the holiday season, the U.S.

Blog Post
08/15/2016
By Jessica L. Meller

The Securities and Exchange Commission recently announced that it had levied a $265,000 penalty against an Atlanta-based company, claiming the company’s severance agreements undercut its whistleblower program. By signing the severance agreements, outgoing employees agreed to waive recovery of potential whistleblower awards.  According to the SEC, these severance agreements violated Rule 21F-17, which prohibits impeding someone from telling the SEC about possible securities law violations.

Blog Post
04/11/2016
By Jessica L. Meller

The U.S. Commodity Futures Trading Commission (CFTC) announced on April 4, 2016 that it awarded over $10 million to a whistleblower.  This is the largest award made by the CFTC’s Whistleblower Program. 
 

Blog Post
03/26/2015
By Matthew J. Smith

The Securities and Exchange Commission (SEC) plans to award between $475,000 and $575,000 to a former company officer who reported “original, high-quality information about a securities fraud that resulted in an SEC enforcement action with sanctions exceeding $1 million.”  Generally, company officers, directors, trustees or partners who learn about fraud through internal reports are not eligible for whistleblower awards.

Blog Post
09/30/2014
By Marisa R. De Feo

In Brief

  • The Securities and Exchange Commission awarded $300,000 to a whistleblower who performed audit and compliance functions at a company.