SEC Whistleblower Blog

Colorado District Court Adopts Broad Definition of Whistleblower Under Dodd-Frank

April 16, 2013
The United States District Court for the District of Colorado recently joined the growing number of federal district courts that have adopted a broad definition of the term “whistleblower” under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). On March 25, 2013, in the case of Genberg v. Porter, the...

Dodd-Frank Act Encourages Hedge Fund Pros to Blow Whistle on Misconduct

April 8, 2013
Despite the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”), the  culture at hedge funds seems to be equal parts cynical and idealistic, according to a recent study commissioned by a  New York law firm.  Almost half of hedge fund professionals surveyed believe that their...

SEC Whistleblower Office Stresses Importance of Dodd-Frank Act

March 20, 2013
At the annual “The SEC Speaks” conference held late last month, officials from the Securities and Exchange Commission (“SEC”) discussed achievements in 2012 and looked ahead to 2013.  Among the speakers was Jane Norberg, the Deputy Director for the SEC’s Office of the Whistleblower.  In her remarks, summarized by the Harvard...

IRS Whistleblower Program Reports Record Payouts in FY 2012

February 22, 2013
The Internal Revenue Service (“IRS”) Whistleblower Program made public its FY 2012 Report to Congress on Wednesday, February 13, 2013.  Pursuant to section 7623(b) of the Internal Revenue Code, added in December 2006, the IRS is required to pay awards to whistleblowers if the information an individual provides substantially...

Washington State Citizens Provide Unlikely Source of SEC Whistleblower Tips

January 28, 2013
CNBC published an article earlier this month which pointed out an interesting fact about the 2012 Annual Report released by the Securities and Exchange Commission (“SEC”) Office of the Whistleblower, which we blogged about in November of last year.  The CNBC article noted an aspect of the report that we had failed to pick up on...

Supreme Court Justices Criticize SEC For Tardiness in Filing Complaint

January 24, 2013
Lawyers for the Securities and Exchange Commission (“SEC”) faced tough criticism from justices of the United States Supreme Court on Tuesday, January 8, 2013, concerning an insider trading case the agency brought against Marc J. Gabelli and Bruce Alpert, formerly of the financial services company, Gabelli Funds LLC.  According...

SEC Whistleblower Alleges Securities Fraud, Retaliation at Deutsche Bank

December 18, 2012
Corporate whistleblower Dr. Eric Ben-Artzi announced earlier this month that he had blown the whistle to the Securities and Exchange Commission (“SEC”) regarding what he alleged to be multi-billion securities violations at Deutsche Bank, the Germany-based global investment bank.  According to a press release issued by the...

Foreign Bribery Whistleblowers Receive New Resource From SEC and DOJ

November 27, 2012
Whistleblowers who are thinking about reporting bribery of foreign officials to the Securities and Exchange Commission can look to a new resource issued by the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) last week.  On November 14, 2012, the SEC and DOJ released a Resource Guide to the U.S....

Whistleblowers Provide Over 3,000 Tips in First Year of SEC Whistleblower Program

November 26, 2012
Whistleblowers have provided the Securities and Exchange Commission (“SEC”) Office of the Whistleblower with over 3,000 tips in the past year, according to the SEC’s 2012 Annual Report on the Dodd-Frank Whistleblower Program, released on November 15, 2012.  Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of...

Whistleblower Information Leads to Bribery Investigation of NCR Corp.

October 31, 2012
Whistleblower information brought to the Securities and Exchange Commission ("SEC") has led the SEC to serve a subpoena on Atlanta-based NCR Corp., the company most well-known for developing the technology behind automated teller machines. As the Wall Street Journal reports, the company's disclosure of the subpoena comes in the...

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