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Student Testing Giant “College Board” Sued for Illegally Collecting & Selling Students’ Data

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Parent filed a federal class action suit today against the College Board, a ubiquitous student testing organization, for deceptively collecting and selling students’ confidential personal information. While formally a not-for-profit, the College Board takes has approximately $1 billion in annual revenues each year and highly compensates its slew of executives, including its president who received… Read More

SEC Takes Whistleblower Protections Very Seriously; Corporations Should Too

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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

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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

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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