Represents the second award to be issued by the CFTC The U.S. Commodity Future Trading Commission (CFTC) is seeking important information on infringements against the Commodity Exchange Act (CEA). In a recent announcement, the commission reported that it intended to award a credible whistleblower up to $290,000. The CFTC’s Whistleblower…
How the SEC’s definition of whistleblower will hold up in court Since the 2010 passage of the Dodd-Frank Act, the definition of “whistleblower” has been a subject of contention among courts, businesses and would-be whistleblowers. Its supposed ambiguity stems in part from the fact that the SEC offers two potentially…
Protections under the Dodd-Frank Act guaranteed award The Securities and Exchange Commission paid $3 million to a whistleblower on July 17, 2015 under the Dodd-Frank Act, which became law in July 2010. The act protects whistleblowers from retaliation from their employers and guarantees them an award from the SEC and/or…
Boca Raton, Florida – May 22, 2015 (GLOBE NEWSWIRE) – Silver Law Group and David Chase, P.A. (securitieswhistleblowerattorneys.com) are working together to form a team of experienced lawyers who represent Wall Street insiders and others with potential knowledge of violations of the federal securities laws which may lead to a…
On April 22, 2015, the Securities and Exchange Commission (SEC) announced it had granted a whistleblower with a significant award. The award related to information that a compliance officer provided to the SEC that resulted in a successful enforcement action. The amount awarded to the whistleblower by the SEC as…
On March 2, 2015, the Securities and Exchange Commission (SEC) announced that it had awarded between $475,000 and $575,000 to a former corporate officer for reporting securities fraud. Pursuant to law, the SEC keeps confidential the identity of the whistleblower, as well as information that may reveal his or her…
According to a recent Wall Street Journal story, more than 6,500 people have offered confidential information to the Securities and Exchange Commission (“SEC”) Whistleblower Program. The SEC established the whistleblower office in mid-2011 to allow the public to report violations of the federal securities laws. Pursuant to Dodd-Frank, the SEC…