Should Employees Have FCPA Training?
Article by Managing Attorney, John Peterson Whether you run a business or work in compliance, one of the most frequently asked questions on the Foreign Corrupt Practices Act (FCPA) is: Do I have to train employees on FCPA compliance? In this article, we explain when a company has to train employees on FCPA compliance, which employees need to […]
Whistleblower misses the mark but gets $28 Million award
Article by John Peterson, Managing Attorney, FBR. You probably don’t think too much about those small TVs in the back of the seats on airplanes beyond checking out your entertainment options. Maybe, on a long enough flight, you have found yourself wondering who makes those in-flight TVs. It may be Panasonic Avionics, a company […]
FCPA Whistleblower Retaliation Is Illegal
The biggest concern for most whistleblowers is whether they will be retaliated against if they report legal violations at their place of work. This is especially true for whistleblowers who report a potential violation of the Foreign Corrupt Practices Act (FCPA). In this article we will outline the protections a whistleblower is entitled to when […]
FCPA Whistleblower Paid $279 Million for Assisting In Ericsson Enforcement Actions
On May 5th the U.S. Securities and Exchange Commission (SEC) awarded a record breaking $279 million to a whistleblower who reported legal violations that resulted in three separate enforcement actions. Since the award, the Wall Street Journal has revealed that the award was related to a tipster who assisted the SEC with its record-breaking fine against […]
What is the SEC Form TCR?
If you are an SEC whistleblower, then it’s likely that at some stage you will come across SEC Form TCR. TCR stands for Tips, Complaints Referrals and the SEC Form TCR allows whistleblowers to provide information to the SEC and become eligible for an SEC whistleblower award. If you want to submit SEC Form TCR, […]
Whistleblower Is Paid $279 million by U.S. Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) sent a clear message to Wall Street last week when it awarded an incredible $279 million to a whistleblower who reported legal violations that resulted in three separate enforcement actions. The payout was the largest ever under the wildly successful SEC whistleblower rewards program and was more than […]
How to Claim Whistleblower Rewards For Reporting Crypto Fraud
Article by John Peterson, Managing Attorney, FBR. SEC Crypto Whistleblower Rewards The SEC operates a whistleblower reward program for people reporting fraud or crime involving “securities.” The SEC believes that some contracts to buy cryptocurrencies are “securities.” If you know about a person or company fraudulently selling cryptocurrencies (through an ICO for example) you may be […]
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 […]
What UK Employment Lawyers Need to Know about SEC Whistleblowers
In the last ten years the U.S. Securities and Exchange Commission (“SEC”), has paid out over $1 billion in rewards to whistleblowers and levied over $6 billion in fines resulting from whistleblower tips. Some of these fines have been against UK companies and this is not surprising. The UK ranks as one of the top […]
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 […]
