By Steve Kardell | Published February 11, 2021 | Posted in Whistleblower Litigation | Tagged Tags: corporate fraud, financial fraud, SEC rules violations |
A new rule interpretation announced by the Securities and Exchange Commission has created concern among whistleblowers, who believe it could weaken incentives for whistleblowers to come forward with information about corporate fraud. The clarification officially went into effect on Monday, December 7. It says any tip from a whistleblower must provide insight “beyond what would Read More
Read MoreIn late June, Merrill Lynch, Pierce, Fenner & Smith Inc. and Merrill Lynch Professional Clearing Corp. agreed to wrongdoing and a fine of $415 million to settle charges involving violations of Consumer Protection and Exchange Act rules. Rule violations at issue At issue in the case was Merrill Lynch’s alleged violation of Exchange Act Rule 15c3-3, Read More
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