Securities

Recent Posts

Could SEC Whistleblower Bounty Program Harm Internal Compliance?
Posted on 9 Nov 2010 by Gary Larkin

Although nearly everyone - including the five SEC commissioners - agrees that corporate whistleblowers are the best source for detecting corporate fraud, there is trepidation about the proposed whistleblower bounty program under the Dodd-Frank Act... Read More

SEC’s Whistleblower Annual Report
Posted on 1 Dec 2011 by Doug Cornelius

Dodd-Frank added Exchange Act Section 21F(g)(5) and requires that SEC's Office of the Whistleblower to report to Congress annually on the whistleblower program. It's due each October 30. I'm sure the SEC wanted to be in compliance, so they... Read More

Worth Reading … Final SEC Whistleblower Rules
Posted on 1 Jun 2011 by The Conference Board

by Gary Larkin As you all may well know by now, the SEC has adopted its final rules to create a whistleblower bounty program as part of the Dodd-Frank Act by a familiar 3-2 split vote. The rules, which go into effect 60 days after they are submitted... Read More

Proposed Rules for Implementing the Whistleblower Provisions From Dodd-Frank
Posted on 4 Nov 2010 by Doug Cornelius

The SEC has released the text of its proposed new rules for implementing the whistleblower provisions of Section 21F of the Securities Exchange Act of 1934: Release No. 34-63237 . In fashioning these proposed rules, the Commission has considered... Read More

Whistleblower Report Follow-On Securities Suit: We'll Be Seeing More of These
Posted on 4 Nov 2013 by Kevin M. LaCroix

On October 30, 2013, the SEC announced another whistleblower bounty award under the Dodd-Frank whistleblower program. Although the size of this latest award ($150,000) is relatively modest compared to the recent $14 million award (about which refer here... Read More

SEC Commissioner Paredes Speaks at Stanford Directors' College
Posted on 21 Jun 2011 by Kevin M. LaCroix

I am on the ground in Palo Alto this week at the annual Stanford Law School Directors' College , where the opening speaker on Sunday night was SEC Commissioner Troy Paredes , whose presentation was in the form of a dialog with Stanford Law Professor... Read More

SEC Adopts Final Dodd-Frank Whistleblower Implementation Rules
Posted on 26 May 2011 by Kevin M. LaCroix

On May 25, 2011, the SEC adopted the final rules implementing the whistleblower provisions of the Dodd-Frank Act . The SEC declined to propose a rule that would have required whistleblowers to report first through internal corporate compliance programs... Read More

SEC Releases Fiscal 2013 Whistleblower Report
Posted on 21 Nov 2013 by Kevin M. LaCroix

Whistleblower reports to the SEC continued to rise during the latest fiscal year, according to the agency’s annual Dodd-Frank Whistleblower Program report to Congress. According to the November 15, 2013 report, a copy of which can be found here... Read More

WikiLeaks Versus the SEC
Posted on 3 Feb 2011 by Mark Zimbelman

No, (to my knowledge) Wikileaks hasn't released detailing corruption in the SEC. Instead, Sherron Watkins, the primary whistleblower in the Enron fraud, weighed in on the SEC's new incentives for whistleblowers . In a panel discussion about... Read More

The Word is "Whistleblower"
Posted on 9 May 2011 by Kevin M. LaCroix

A number of different organizations generate annual publicity for themselves by designating a word (or words) of the year . We are not yet half way through 2011 but I am already prepared to propose my own candidate for this year's word of the year... Read More

Will Obstacles Deter the SEC's Dodd-Frank Whistleblower Program?
Posted on 26 Apr 2013 by Kevin M. LaCroix

Whistleblower information may be one of the SEC's "most effective weapons in its new enforcement arsenal," but the agency's whistleblower program "faces challenges on many fronts," according to an April 23, 2013 New York... Read More

SEC Adopts Rules Establishing Whistle-Blower Program under Dodd-Frank Act
Posted on 26 May 2011 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) The Securities and Exchange Commission on May 25 adopted 17 new rules providing for whistle-blower incentives and protection under the Securities Exchange Act of 1934, bringing it in compliance with the Dodd-Frank... Read More

SEC Releases Initial Report on the Dodd-Frank Whistleblower Program
Posted on 18 Nov 2011 by Kevin M. LaCroix

Even thought the SEC's final regulations for the Dodd-Frank whistleblower program just became effective on August 12, 2011, the agency has already filed its first report on the whistleblower program. Under Section 924(d) of the Dodd Frank Act, the... Read More

SEC's New Dodd-Frank Whistleblower Rules Redefine Reporting Landscape
Posted on 20 Jun 2011 by Perkins Coie

Perkins Coie Experts Examine the SEC's Final Rules Implementing the Hotly Anticipated New Dodd-Frank Whistleblower Bounty Program and Provide Practical Guidance for Post-Act Compliance By Patrick Collins Esq., T. Markus Funk Esq., Gina LaMonica... Read More

The Dodd-Frank Whistleblower Provisions: Some Other Things to Worry About
Posted on 3 Nov 2010 by Kevin M. LaCroix

Among the many innovations introduced in the massive Dodd-Frank Wall Street Reform and Consumer Protection Act enacted this past July are the new whistleblower provisions, designed to encourage employees and others to report securities law violations... Read More