Securities and Exchange Commission Under Fire For Partisanship
Early last week, the Senate confirmed President Biden’s nominations for two new Commissioners at the Securities and Exchange Commission (SEC). One of the appointments confirmed was that of Jaime Lizárraga, a longtime aide to Democratic Speaker Nancy Pelosi. In addition, Biden also confirmed a Republican spot that had been left open since the resignation of […]
5 Common Mistakes When Reporting FCPA Violations
Article by John Peterson, Managing Attorney The Foreign Corrupt Practices Act (FCPA) is a U.S. law that prohibits bribery. If you’d like to learn more about how to report FCPA violations, feel free to check out our previous posts on reporting FCPA violations here and here. In this post, we will look at some common mistakes people make when reporting FCPA […]
How to Become An FCPA Whistleblower – Five Simple Steps
Article by Managing Attorney, John Peterson If you work at a company that sells products or services outside the U.S., you may have heard of the Foreign Corrupt Practices Act (FCPA). The FCPA is a law that prohibits paying bribes to foreign government officials (to learn more about FCPA violations read our guide here). If you know of […]
6 Things To Do If You Encounter Crypto fraud
Article by John Peterson, Managing Attorney, FBR. Crypto scams are becoming increasingly hard to spot. With scammers using glossy websites and spoofed endorsements, even sharp investors can get caught out when trying to invest. Even if you haven’t been a victim, but you know about crime or fraud involving crypto, you should still report […]
The Race to Regulate Crypto: SEC v. CFTC
Article by John Peterson, Managing Attorney, FBR. Last year a digital currency based on the Netflix series ‘Squid Game’ soared in popularity among retail investors. The website promoting the coin was littered with grammatical errors and, while the site was only three weeks old, its promoters managed to raise $3 million from investors before […]
How to Report FCPA Violations
Article by John Peterson, Managing Attorney, FBR. The Foreign Corrupt Practices Act (FCPA) is a U.S. law that prohibits bribery. The FCPA is enforced by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). Both agencies regularly issue fines to companies for violating the FCPA and pursue violations aggressively. In addition, the […]
How Much Will the Facebook Whistleblower Get Paid?
Article by John Peterson, Managing Attorney, FBR. On October 3rd, Frances Haugen, a data engineer and former Facebook employee gave a 60 Minutes interview alleging that Facebook had internal research showing that its platform magnified hate and discrimination. Not only did Haugen publicly make these allegations, but she also reported them to one of Facebook’s regulators, […]
SEC Whistleblower Guide 2022: How to Fill In SEC Form WB-APP
Article by John Peterson, Managing Attorney, FBR. Filling out the Form WB-APP is one of the last and most important steps in claiming a whistleblower award. But failing to fill out the Form correctly, or not submitting it on time, could mean losing your reward. That’s why we always recommend that you seek the assistance […]
SEC Awards $350,000 to Penny Stock Bounty Hunter
Article by John Peterson, Managing Attorney, FBR. Today the SEC awarded more than $350,000 through the whistleblower rewards program, but to call the recipient a whistleblower just doesn’t seem right in this case. Most whistleblowers are individuals who happen to come across evidence of wrongdoing and have the bravery and fortitude to bring […]
