ABB, Honeywell, AT&T – Over $500 Million in SEC Fines in January
At the end of every month, the Securities and Exchange Commission (SEC) publishes a Notice of Covered Action for recent fines in excess of one million dollars. There were seven notices issued in January for over $500 in fines, the headlines were: Honeywell pays over $161 million for bribery schemes in Algeria and Brazil ABB […]
WhatsApp, Bribery and Kim Kardashian – SEC Fines This Month
At the end of every month, the SEC publishes a Notice of Covered Action (NOCA) for enforcement actions where penalties exceeded one million dollars. In November, the SEC published 15 NOCAs for a combined total of over $1.4 billion in fines. The headline cases were: Summaries of November’s NOCAs are below, and remember, once a NOCA is […]
Why Public Companies Need to Incentivize Whistleblowers
The Securities and Exchange Commission’s whistleblower rewards program has prompted over 50,000 tip-offs in the last decade that have led to public companies paying almost $5 billion in fines and penalties. This is an embarrassing and costly state of affairs for some of the world’s most innovative companies, and something needs to change. If public companies want to […]
Lafarge Pleads Guilty to Making Payments to ISIS
Yesterday, Lafarge S.A. pled guilty to a first-of-its-kind charge brought by the U.S. Department of Justice (DOJ) for providing material support to terrorist organizations in Syria. Here’s everything you need to know about the case: Who is Lafarge? Lafarge S.A. is a Paris-based company that manufactures building materials such as cement. It is a subsidiary […]
SEC Whistleblower Fines For September: 15 Cases for $36 Million
At the end of every month, the SEC publishes a Notice of Covered Action (NOCA) for recent enforcement actions with monetary penalties exceeding $1 million. For September the SEC published fifteen NOCAs which featured nearly $36 million in sanctions. Once a NOCA is published, any whistleblower who provided information to the SEC on the case has 90 days […]
The Twitter Whistleblower – Everything You Need To Know
It’s been almost a year since Facebook whistleblower Frances Haugen burst into public consciousness with her allegations that Facebook magnified hate and discrimination. Haugen filed her grievances with the U.S. Securities and Exchange Commission (SEC), testified before Congress and then embarked on a whirlwind media tour highlighting the allegations. Last week, Twitter saw a potentially similar […]
SEC Fines In August: Thirteen Cases For $293 million
At the end of every month, the SEC publishes a Notice of Covered Action (NOCA) for all recent enforcement actions with sanctions exceeding $1 million. This month the SEC published thirteen NOCAs which featured over $293 million in sanctions. Once a NOCA is published, any whistleblower who provided information to the SEC on the case has 90 days […]
Offensive Compliance: How To Generate Revenue From Compliance
Over the last two decades almost every industry has enjoyed a boom in innovation. Sadly, compliance seems to have been left behind. The success of the Securities and Exchange Commission (SEC) whistleblower program shows that even the government is ouspet-innovating the private sector in compliance, which is an embarrassing state of affairs. Compliance is mostly viewed a […]
