SEC Whistleblower Blog

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...

CFTC Whistleblower Office Provides Advice for Future Whistleblowers

October 30, 2012
Commodity Futures Trading Commission (“CFTC”) Whistleblower Office Director Vincente Martinez submitted an article to Law360 earlier this month about the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”).  Dodd-Frank created new incentive programs to reward and protect individuals who report...

SEC Whistleblower Office Completes Remarkably Successful First Year

October 29, 2012
The whistleblower office at the Securities and Exchange Commission (“SEC”) received almost 3,000 tips over its first 12 months of operation, according to an article in the Wall Street Journal.  Even more encouraging than that is that SEC Commissioner Luis Aguilar informed enforcement officials recently that the quality of the...

Whistleblower Language in Dodd-Frank Construed Broadly by Connecticut Court

October 5, 2012
Employees who report the fraudulent activities of their supervisors have received another favorable decision under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”) , this time out of the United States District Court for the District of Connecticut. On September 25, 2012, in the case of Kramer...

Dodd-Frank Whistleblower Allowed to Proceed With Lawsuit Despite Timing Problems

October 4, 2012
Investment analyst Roseanne Ott will be allowed to proceed with her lawsuit against investment adviser Fred Alger Management, Inc. (“FAM” of “the Company”), alleging whistleblower retaliation in violation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”). On September 27, 2012, the District...

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