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Everyone generally agrees that people and organizations should be able to protect their proprietary and valuable information. But one area where we've seen legislative fretting...

Thomas Spinner was a CPA whose firm provided accounting and audit services to a public company. Spinner’s accounting firm was not publicly-traded.

On September 9, 2024, the U.S. Securities and Exchange Commission (SEC) announced that it settled charges against seven public companies for alleged violations of Securities Exchange Act Rule 21F-17. According to the SEC.

On August 26, 2022, the U.S. Securities and Exchange Commission announced that it had adopted two amendments to its whistleblower program rules proposed earlier this year (see our post here).

Companies should consider review of their compliance programs and procedures for addressing internal complaints or tips of potential misconduct.

On August 16, 2016, the SEC announced that Health Net Inc. (Company) agreed to pay a $340,000 penalty to settle charges that it violated Rule 21F-17 by using severance agreements that allegedly prohibited its employees from receiving whistleblower awards from the SEC.

During discovery in an SEC administrative and cease-and-desist proceeding instituted in December 2012 (pursuant to Sections 9(b) and 9(f) of the Investment Company Act of 1940) the SEC Division of Enforcement (DOE) inadvertently produced 11 privileged e-mails to the respondents.

On September 6, 2018, the SEC Office of the Whistleblower awarded $39 million to one whistleblower and $15 million to another.

The Company agreed to pay a penalty of $265,000 and revise its agreements.

However, the SEC gave no information regarding the whistleblower's culpability or the extent of that culpability.

On November 15, 2018, the U.S. Securities and Exchange Commission ("SEC") published its statutorily mandated fiscal year report to Congress covering the agency's whistleblower program.

In the first anti-retaliation case against a New York-based hedge fund advisory firm, the SEC recently announced that the whistleblower at the centre of the case would receive the highest possible award.

The U.S. Securities and Exchange Commission's (SEC) once-robust whistleblower program appears to be undergoing a shift. Recent data show a sharp decline in award approvals alongside a dramatic increase in denials...

The SEC's most recent award was a stunning $17 million, announced on June 9, 2016.

The Securities and Exchange Commission's (SEC) Office of the Whistleblower (Office) recently released its 2015 Annual Report on the Dodd-Frank Whistleblower Program (Report) (November 16, 2015).

On Thursday, September 10, 2015, the United States Court of Appeals for the Second Circuit issued its highly anticipated decision in Berman v. Neo@Ogilvy LLC.

This week the Senate considered a number of amendments to the National Defense Authorization Act for Fiscal Year 2013.

The Seventh Circuit made clear that SOX does not extend to a company's internal policy disagreements or to the provision of advice about securities disclosures.