securities law violation
The officer originally found the fraud through the company’s compliance controls, and then went to the SEC after the company did nothing about it after at least 120 days.
Dodd-Frank & SOX: What companies should be thinking about now that whistleblowing has become white collar
It is imperative that publicly-traded companies devote an appropriate amount of time to address internal whistleblower complaints and make sure they are handling them with both white collar and employment implications in mind.
2nd Circuit rejects standard that would have required agency to establish proximate causation to satisfy "substantial assistance" test
In a case that alters the landscape of aider and abettor liability, the 2nd Circuit has just made it easier for the Securities and Exchange Commission (SEC) to civilly prosecute aiders and abettors of securities fraud by clarifying the standard for “substantial assistance.”