Tags » Corporate Fraud

SEC Report Shows Increases in Securities Fraud Whistleblowing and Reveals Insight Into Continued Aggressive Enforcement

As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the SEC created a whistleblower program to encourage people to submit information to help the SEC’s Division of Enforcement discover and prosecute violations of the federal securities laws. 508 more words

Whistleblower

Another Federal Court Agrees that Securities Fraud Whistleblowers Must Blow the Whistle to the SEC for Dodd-Frank Protection

Several weeks ago, this blog discussed the Fifth Circuit’s determination in Asadi v. G.E. Energy, LLC that for an employee-whistleblower to be protected by the Dodd-Frank Act, she must “provide information relating to a violation of the securities laws to the SEC.” Internal complaints alone are not sufficient, at least in the Fifth Circuit, to invoke the statute’s whistleblower protection provision.  158 more words

Whistleblower

Revealing a Whistleblower’s Identify May Trigger Liability for Retaliation

Yesterday, the Fifth Circuit issued a decision that should give employers pause. In a whistleblower retaliation suit brought under Section 806 of the Sarbanes-Oxley Act, the Court ruled that the employer’s disclosure of the whistleblower’s identity is sufficient to trigger potential liability under the statute. 408 more words

Whistleblower

With Dodd-Frank, Employers Must Tread Carefully When Employees Raise Securities Laws Concerns

Congress enacted Dodd-Frank in the wake of the 2008 financial crisis. As one component of its comprehensive reform of the financial regulatory system, the statute’s whistleblower protection provision encourages individuals to provide information relating to a violation of securities laws to the SEC. 285 more words

Whistleblower

Sarbanes-Oxley Whistleblower Retaliation Evidence Two-Step

On October 9th, the US Department of Labor’s Administrative Review Board issued a split 2-1 panel decision in Fordham v. Fannie Mae, a whistleblower retaliation matter filed under Section 806 of the Sarbanes-Oxley Act. 342 more words

Whistleblower