Unique Compliance Perspectives from Business Ethics Expert Bruce Klaw
Business ethics expert Professor Bruce Klaw speaks to FTI Law as part of the Corporate Accountability Leadership Series As part of our Corporate Accountability Leadership Series, we’ve been speaking to some of the leaders in the field of corporate accountability, finding out what they do and why they do it. As a part of the […]
FCPA Whistleblower Paid $279 Million for Assisting In Ericsson Enforcement Actions
On May 5th the U.S. Securities and Exchange Commission (SEC) awarded a record breaking $279 million to a whistleblower who reported legal violations that resulted in three separate enforcement actions. Since the award, the Wall Street Journal has revealed that the award was related to a tipster who assisted the SEC with its record-breaking fine against […]
Make Big Changes in Corporate Culture by Changing Small Behaviors
Business ethics and behavioral science expert Todd Haugh speaks to FTI Law as part of the Corporate Accountability Leadership Series As part of our Corporate Accountability Leadership Series, we’ve been speaking to some of the leaders in the field of corporate accountability, finding out what they do and why they do it. As a part […]
Whistleblower Is Paid $279 million by U.S. Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) sent a clear message to Wall Street last week when it awarded an incredible $279 million to a whistleblower who reported legal violations that resulted in three separate enforcement actions. The payout was the largest ever under the wildly successful SEC whistleblower rewards program and was more than […]
Wharton Professor Philip Nichols Shares The Business Case for Corporate Compliance
As part of our Corporate Accountability Interview Series we’ve been speaking to some of the leaders in the field of corporate accountability, finding out what they do and why they do it. As a part of the series, I had the pleasure of interviewing Professor Philip Nichols, Professor of Social Responsibility in Business, at the […]
Whistleblower Protection Under the Foreign Corrupt Practices Act
The biggest concern for many potential whistleblowers is the prospect of facing retaliation for speaking up about legal violations. This is especially true for whistleblowers who report bribery or corruption, which can constitute a violation of the Foreign Corrupt Practices Act (FCPA). In this article we will outline the protections a whistleblower is entitled to […]
Flutter Fined By U.S. Regulator For Suspicious Payments To Russian Consultants
The U.S. Securities and Exchange Commission (SEC) announced an enforcement action against Flutter International Inc. (formerly Paddy Power Betfair) for violating the Foreign Corrupt Practices Act (FCPA). In an administrative proceeding filed on March 6, the SEC alleged that a company acquired by Flutter had violated the FCPA through its use of Russian consultants, despite […]
Why Public Companies Need to Incentivize Whistleblowers
The Securities and Exchange Commission’s whistleblower rewards program has prompted over 50,000 tip-offs in the last decade that have led to public companies paying almost $5 billion in fines and penalties. This is an embarrassing and costly state of affairs for some of the world’s most innovative companies, and something needs to change. If public companies want to […]
SEC Whistleblower Fines For September: 15 Cases for $36 Million
At the end of every month, the SEC publishes a Notice of Covered Action (NOCA) for recent enforcement actions with monetary penalties exceeding $1 million. For September the SEC published fifteen NOCAs which featured nearly $36 million in sanctions. Once a NOCA is published, any whistleblower who provided information to the SEC on the case has 90 days […]
SEC Fines In August: Thirteen Cases For $293 million
At the end of every month, the SEC publishes a Notice of Covered Action (NOCA) for all recent enforcement actions with sanctions exceeding $1 million. This month the SEC published thirteen NOCAs which featured over $293 million in sanctions. Once a NOCA is published, any whistleblower who provided information to the SEC on the case has 90 days […]