SEC Settles Fraud Case Regarding Restrictive Language With KBR, Inc.
Whistleblowers with knowledge of possible securities fraud are able to report this fraud confidentially under the relatively new whistleblower provisions of the 2010 Dodd Frank Act. If an employee opts to report the information directly to the government, he or she is thereafter protected from retaliatory maneuvers by the employer […]
SEC Announces Whistleblower Reward for Former Company Officer
Implemented by the 2010 Dodd Frank Act, the Securities and Exchange Commission (SEC) maintains a growing whistleblower program. Much like the False Claims Act, the SEC’s program is designed to offer confidential consideration of fraud claims, as well as incentives for successful prosecutions of costly and wasteful securities fraud. In […]
Securities Ratings Firm Standard & Poor’s Settles Fraud Charges for $58 Million
In a victory for the Securities and Exchange Commission, the securities ratings firm Standard & Poor’s has agreed to settle claims it fraudulently certified certain mortgage-backed securities as good investments, as well as claims the firm used a certain methodology to calculate risk with regard to commercial mortgage-based securities when, […]
Know Your Rights as a Whistleblower: Workplace Anti-Retaliation Rules
Making the decision to come forward as a whistleblower often takes both courage and gumption. The negative consequences that have faced whistleblowers range from unkindness to threats of violence – and everything in between. For whistleblowers planning to expose fraud in the workplace, many fear that their decision to expose […]
Like several other federal agencies, the Securities and Exchange Commission has implemented a whistleblower program allowing those with first-hand knowledge of fraud to come forward, report what they know, and enjoy protection from employer retaliation. As we have reported in the past, employees choosing to report fraud to internal compliance […]
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