Daily Archives: December 6, 2016, 3:49 pm

Twelve Things to Know About SEC’s Whistleblower Program | The National Law Review

The Securities and Exchange Commission’s whistleblower program, like the whistleblower programs of other government agencies, provides bounties to persons who provide information that leads to successful enforcement actions. Under the program, individuals who voluntarily provide the Commission with “original information” that leads to an enforcement action in which more than $1 million in monetary sanctions are imposed may be entitled…

Read More

Supreme Court Sides With Prosecutors in Insider Trading Case – The New York Times

The Supreme Court on Tuesday unanimously ruled in favor of prosecutors in a major insider trading case, saying that gifts of confidential information from business executives to relatives violate securities laws. Federal appeals courts had disagreed about whether people making unauthorized disclosures of material and nonpublic information must receive a tangible benefit in return for their conduct to violate insider…

Read More

Former Expedia IT worker admits insider-trading scheme that netted him $330K | The Seattle Times

A former Expedia employee has pleaded guilty to securities fraud and faces up to 25 years in federal prison for stealing proprietary information from his bosses and using it to make more than $300,000 in illegal trades on the stock market, according to the U.S. Attorney’s Office. via Former Expedia IT worker admits insider-trading scheme that netted him $330K |…

Read More

Australia: Lock white collar crims up, says ASIC

Tax dodgers, fraudsters and insider traders are often greedy or lazy but jailing them is a waste of money because it doesnt work as a deterrent, law academic Mirko Bagaric told a white collar crime penalties inquiry in Melbourne on Tuesday. However that was refuted at the public hearings by Australian Securities and Investments Commission special counsel Rowan Davis who…

Read More