As we’ve blogged many times, the SEC pays whistleblowers monetary awards out of funds collected from companies and individuals that violate securities law through administrative fines and other sanctions. Since 2012, when the first award was made, the SEC has awarded $1.2 billion to 245 whistleblowers. In 2021 alone, the…
SEC Whistleblower attorneys Scott Silver and David Chase were recently the featured guests on ‘Cut To The Chase’ podcast to discuss the SEC whistleblower program and their work representing whistleblowers. Cut To The Chase podcast is hosted by attorney and activist Gregg Goldfarb and focuses on legal news and public…
David Chase, managing partner of The Law Firm of David R. Chase P.A. and a and publisher of www.secwhistleblowerlawyers.net, appeared on Bloomberg TV News to discuss GameStop (GME) stock’s recent meteoric increase in price. Did Securities Fraud Happen? GameStop’s rise was helped in large part by social media posts on…
The Securities and Exchange Commission (SEC) alleges that Collectors Café, an online memorabilia auction company, and its CEO Mykalai Kontilai, illegally tried to stop investors from reporting misconduct to the government in violation of the SEC’s whistleblower protection rules. The SEC already sued Kontilai and Collectors Café for operating a…
On June 24, 2019, the Commodity Future Trading Commission (CFTC) announced an award of approximately $2.5 million to a whistleblower who assisted in an enforcement action against Cargill Inc. This award evidences the importance that the CFTC places on reliable whistleblowers who prove to be essential resources in combating corporate…
On June 24, 2019, the Commodity Future Trading Commission (CFTC) announced an award of approximately $2.5 million to a whistleblower who assisted in an enforcement action against Cargill Inc. In November 2017, the CFTC ordered Cargill Inc., a global agricultural, commodity and financial services business headquartered in Minnesota, and its…
On June 3, 2019, the SEC announced that two individuals will share a $3M award after providing information that led to a successful action surrounding a securities law violation. Since they supplied this information jointly, they will each receive half of the award. The amount is 30% of the financial…
On March 26, the SEC announced that it was going to award $37 million to a whistleblower who assisted in an enforcement action. This whistleblower provided the SEC with very important information. This situation shows how important whistleblowers are to the SEC. This investigation, and other previous investigations, would have…
On March 26, the SEC announced that it was going to award $13 million to a whistleblower who assisted in an enforcement action. This whistleblower provided the SEC with very important information which allowed the SEC to target widespread misconduct. This situation shows how important whistleblowers are to the SEC.…
On March 26, the SEC announced that it was going to award a total of $50 million to two whistleblowers who assisted in an enforcement action. They provided the SEC with very important information which allowed the SEC to take action. One whistleblower was awarded $13 million, and the other…