Tagged with "whisteblower"

SEC Whistle-Blower Vote Postponed

Posted on October 23rd, 2019 at 5:12 PM
SEC Whistle-Blower Vote Postponed

A vote by the Securities and Exchange Commission (“SEC”) to amend whistleblower rules, scheduled for Wednesday, October 23rd, was postponed as the proposed changes have come under increased scrutiny by many whistleblower attorneys and advocates.

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Protecting a Whistleblower's Confidentiality in SEC Filings

Posted on August 21st, 2019 at 9:58 AM
Protecting a Whistleblower's Confidentiality in SEC Filings

Before the SEC pays any award to a whistleblower, who has filed information to the SEC anonymously, he/she must disclose his/her identity to the SEC, and the identity must be verified by the SEC as provided in 21F-10 of the Exchange Act.

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Protecting the Confidentiality of a Whistleblower

Posted on August 20th, 2019 at 4:45 PM
Protecting the Confidentiality of a Whistleblower

One way is to prevent any disclosure of a whistleblower's information is to submit information to the SEC anonymously. In this case, however, to be eligible for an award, the whistleblower must have an attorney representing him in connection with both a whistleblower's submission of information and a claim for an award. The attorney must provide his/her name and contact information to the SEC at the time of submission of information. The whistleblower and attorney must follow the procedures provided in 21F-9 of the Exchange Act.

 

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Protecting a Whistleblower's Confidentiality

Posted on August 19th, 2019 at 5:07 PM
Protecting a Whistleblower's Confidentiality

Whether or not a whistleblower seeks anonymity, the Securities and Exchange Commission ("SEC") is committed to protecting a whistleblower's identity to the fullest extent possible. Section 21F(h)(2) of the Securities and Exchange Act of 1934 ("Exchange Act") requires that the SEC "not disclose information that could reasonably be expected to reveal the identity of the whistleblower."

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SEC Awards More Than $4.5 Million to Whistleblower

Posted on May 28th, 2019 at 4:05 PM
SEC Awards More Than $4.5 Million to Whistleblower

On May 24, 2019, the Securities and Exchange Commission (SEC) announced payment of more than $4.5 million to a whistleblower who sent an anonymous tip to the company alleging significant wrongdoing and then submitted the same information to the SEC. 

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I just received this letter from the CFP Board. Thank you, Thank you, THANK YOU!

David Y

LATEST NEWS AND ARTICLES

December 9, 2022
FINRA Reminds Firm To Monitor For “Red Flags” In Options Trading Applications

The Financial Industry Regulatory Authority (FINRA) has released an announcement reminding firms that recommend options trading for clients to be constantly monitoring for “red flags” on customer applications.

December 8, 2022
FINRA Orders Morgan Stanley to Pay $697,897 Over Failure to Supervise Nine Advisors

The Financial Industry Regulatory Authority (FINRA) has ordered Morgan Stanley to pay $697,897, including a $200,000 fine and $497,897 in restitution, for failing to adhere to its own procedures for supervising its advisors’ high-risk recommendations. 

December 7, 2022
FINRA Bars Former Northwestern Mutual Advisor For Allegedly Cheating on CFP Exam

The Financial Industry Regulatory Authority (FINRA) has barred a former Northwestern Mutual advisor after he failed to cooperate with the regulator’s probe into the Certified Financial Planner Board of Standards’ (CFP Board’s) decision to bar the advisor for alleged “exam misconduct.”