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Monthly Archives: January 2017

SEC Fines Citigroup $18 Million For Overbilling Clients

On Thursday, the SEC fined Citigroup Global Markets $18.3 million for overbilling investment advisory clients and losing client contracts.  This case may be interesting to a potential SEC whistleblower or SEC whistleblower lawyer not only because of the hefty fine, but also because of the type of case and how the SEC characterized it. As [...]

January 31st, 2017|Uncategorized|

BlackRock and HomeStreet Fined For Requiring Waiver Of Right To SEC Whistleblower Award

Over the past several months, the SEC has brought several high-profile cases against companies that required departing employees to waive their rights to SEC whistleblower awards.  Last week, the SEC brought two more such cases, this time against BlackRock and HomeStreet.  For a potential SEC whistleblower or an SEC whistleblower lawyer, this string of enforcement [...]

January 24th, 2017|Uncategorized|

SEC Fines NY-NJ Port Authority For Not Disclosing Risks

As I was posting my article last week, the SEC announced that it fined the Port Authority of New York and New Jersey for not disclosing certain risks about its construction projects to bond investors.  This follows another recent SEC case that involved the City of Miami, Florida.  These cases are worth noting for a [...]

January 17th, 2017|Uncategorized|

SEC Issues Alert About Churning

Yesterday, the SEC issued an investor alert about “churning.”  This alert was issued alongside a churning case that the SEC also filed in federal court yesterday.  Yesterday’s news may be of interest to a potential SEC whistleblower or an SEC whistleblower lawyer, as it provides yet another example of the kinds of cases that the [...]

January 10th, 2017|Uncategorized|

SEC Charges 3 with Pay-to-Play Fraud on NY Pension Fund

One question that is constantly on the mind of a potential SEC whistleblower or an SEC whistleblower lawyer is whether the SEC will be interested in their case.  While there is no way to guarantee anything, some insights can be gained by looking at the kinds of cases that the SEC has brought in the [...]

January 3rd, 2017|Uncategorized|