Call us at 347.746.1222    1140 Avenue of the Americas | 9th Floor | New York, NY | 10036

Monthly Archives: June 2016

SEC Chief of Staff Identifies Areas of Heightened Attention

One question that potential SEC whistleblowers often wonder about is whether the Securities and Exchange Commission (SEC) will be interested in the information that they have uncovered. Two days ago, SEC Chief of Staff Andrew J. Donohue gave a keynote address at the InvestoRegulation Conference in London, England, in which he listed some areas that [...]

June 30th, 2016|Uncategorized|

SEC Set Records for Enforcement Actions, Penalties and Disgorgements in 2015

Last week, SEC Chair Mary Jo White testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.  Several of Ms. White's comments may be of interest to potential SEC whistleblowers. 1.  Testimony:  SEC Sets Records in 2015 According to Ms. White, “The SEC filed a record 807 enforcement actions in FY 2015 covering [...]

June 22nd, 2016|Uncategorized|

SEC Whistleblower Award Program has had a “Transformative Impact” on Enforcement, SEC Chair Testifies

Yesterday, SEC Chair Mary Jo White testified before the U.S. Senate’s Committee on Banking, Housing, and Urban Affairs.  During her testimony, Ms. White praised the SEC Whistleblower Award Program.  (See Testimony, p. 6) According to Ms. White, “The number of whistleblower tips received by the Commission has increased each year of the program’s operation.” She [...]

June 15th, 2016|Uncategorized|

Proposed Act to Impose the “toughest penalties in history for financial fraud …”

In a speech yesterday, U.S. Representative Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, explained some details of his proposed Financial CHOICE Act. As one might expect in an election year, Chairman Hensarling’s announcement has been met with both immediate support and criticism.  One aspect of his proposal is worth mentioning for potential [...]

June 8th, 2016|Uncategorized|

SEC Charges Firm with Anti-Money Laundering Violations for Failing to file SARs

On Wednesday, the SEC charged a Wall Street brokerage firm with “failing to sufficiently evaluate or monitor customers’ trading for suspicious activity".  The brokerage firm failed to file Suspicious Activity Reports (SARs). According to the SEC’s press release, “While the SEC has charged other firms with anti-money laundering failures … this is the first case [...]

June 3rd, 2016|Uncategorized|