SEC Announces $2.8 Million Settlement in Recent Illegal Insider Trading Case

The Securities Exchange Commission announced this morning that Swiss trader, Helmut Anscheringer, agreed to settle the illegal trading charges for more than $2.8 million. The SEC investigation revealed that Mr. Anscheringer profited over $1.8 million from insider information regarding the Florida-based fingerprint sensor technology company, AuthenTec.  In 2012, Mr. Anscheringer learned from a longtime friend related to an… Read More

SEC Takes Whistleblower Protections Very Seriously; Corporations Should Too

The media routinely reports SEC whistleblower settlements and the agency has not been shy to boast about its accomplishments. The leaders of the SEC have been extremely vocal about its zero tolerance policy for securities law violations. In fact, the SEC Whistleblower Program is one of the U.S. Government’s most aggressive whistleblower programs. Yet, despite… Read More

New York Attorney General Proposes New Financial Fraud Whistleblower Legislation

Currently in New York, there is no law to protect whistleblowers who report securities or other financial violations. New York Attorney General Eric T. Schneiderman is hoping to change that. He is proposing a new bill – the Financial Frauds Whistleblower Act. The proposed whistleblower program provides similar protections as the SEC whistleblower program.  That… Read More

SEC Warns Employers to Stay Clear of “Pre-taliatory” Acts

In 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law and established the SEC Office of the Whistleblower. This act was in response to the Great Recession and the need for greater transparency and accountability in the financial system.  The SEC Office of the Whistleblower allows whistleblowers to provide… Read More

Heightened Whistleblower Protection Laws Help Increase Recovery for the Government

With the implementation of more legislation protecting whistleblowers, the rate at which whistleblowers come forward has increased. In 2014, the DOJ recovered a record $5.69 billion through settlements related to False Claims Act cases.  That is up from $3.8 billion recovered in 2013.  Since 2009, the DOJ has recovered $22.75 billion in total from fraud… Read More

New Program Giving Big Wins to Whistleblowers


The Securities and Exchange Commission (SEC) recently announced earlier this month that it was quadrupling its first award in a new whistleblower program designed to root out financial fraud. Under the program, which is governed by the Dodd-Frank Act, tipsters can anonymously report private business or government wrongdoing and receive up to 30% of the… Read More

Financial Fraud Opens Door to Whistleblowers


Recent Securities and Exchange Commission (SEC) investigations are showing a pathway to potential big awards for whistleblowing employees and others who help expose wrongdoing by corporate officials.  Earlier this month the SEC hit drugstore giant CVS Caremark Corp. with a $20 million fine for allegedly deceiving investors by cooking its books with deceptive accounting practices.… Read More