An ex-Royal Bank of Scotland (RBS) (RBS.L) employee is suing the U.S. Justice Department and Securities and Exchange Commission (SEC) for records that could relate to a bounty he says he is owed under a post-crisis whistleblower program.
Victor Hong alleges the U.S. agencies “capriciously” and “in bad faith” flouted the law when assessing whether he was due a payout for information he provided to probes into the British bank’s mis-selling of mortgage bonds in the run-up to the 2007-08 financial crisis, court filings show.
‘Enforcement 40’ for 2020
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