By Steve Kardell | Published July 5, 2021 | Posted in Fraud, Whistleblower Litigation | Tagged Tags: SEC whistleblower award, securities fraud, securities law violation, U.S. Securities and Exchange Commission |
In late March, the U.S. Securities and Exchange Commission (SEC) announced an award of more than $500,000 to a whistleblower who provided information hat led to a successful enforcement action. The order, which was redacted in accordance with SEC rules to protect the whistleblower’s identity, stated the whistleblower brought forth concerns about internal securities violations, Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) recently fined Charles Schwab & Co., Inc. $2.8 million for failing to report a series of suspicious transactions by independent investment advisors it stopped from using the company to handle client accounts. Under the Bank Secrecy Act, all broker-dealers are required to report any such suspicious transactions that Read More
Read MoreIn a recent case, the U.S. Securities and Exchange Commission (SEC) awarded a Winnetka, Illinois man with a $750,000 award for his role in alerting authorities to securities law violations on the New York Stock Exchange. The man first raised concerns about these violations in 2010. At the time, he had discovered data that he Read More
Read More