Tag: Testimony

SEC Considering Bounty Program for Financial Fraud Tips

In her testimony yesterday before the House Subcommittee on Financial Services, SEC Chairman Mary Schapiro told Congress that for the first time, the SEC is considering offering cash bounties to private sector whistleblowers who help expose financial wrongdoing. The SEC’s current “bounty” program applies only to insider trading cases, not financial fraud. “Right now, the main reward for being a…

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Transcript: March 11, 2009 Prepared Testimony of SEC Chairman Mary Schapiro Before House Financial Services Subcommittee

Testimony Before the Subcommittee on Financial Services and General Government Committee on Appropriations U.S House of Representatives March 11, 2009 Mary Schapiro Chairman U.S. Securities and Exchange Commission Chairman Serrano, Ranking Member Emerson, Members of the Subcommittee:  Thank you for the opportunity to testify today on behalf of the Securities and Exchange Commission. I am pleased to have the opportunity…

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Testimony of SEC’s Linda Thomsen Before Senate Banking Committee (Madoff Matter)

TESTIMONY OF LINDA CHATMAN THOMSEN DIRECTOR, DIVISION OF ENFORCEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Before the United States Senate Committee on Banking, Housing and Urban Affairs Concerning Investigations and Examinations by the Securities and Exchange Commission and Issues Raised by the Bernard L. Madoff Investment Securities Matter Tuesday, January 27, 2009 Good morning Chairman Dodd, Ranking Member Shelby, and…

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