Dodd-Frank Act Archives - Page 2 of 3 - The Industry Spread

SEC Awards $3 Million to Joint Whistleblowers

June 7, 2019

The Securities and Exchange Commission today announced an award of $3 million to whistleblowers whose tip launched the SEC’s investigation and subsequent successful enforcement action involving an alleged securities law violation that impacted retail investors. The whistleblowers submitted their tip jointly to the Commission and will share the award.  In this case, the whistleblowers also undertook significant and timely steps to have their employer remediate the harm caused by the alleged violations.

SEC Awards $50 Million to Two Whistleblowers

April 1, 2019

The Securities and Exchange Commission today announced awards totaling $50 million to two whistleblowers whose high-quality information assisted the agency in bringing a successful enforcement action.  One whistleblower received an award of $37 million and the other received an award of $13 million.  The $37 million award is the Commission’s third-highest award to date after the $50 million award made in March 2018 to joint whistleblowers and more than $39 million award announced in September 2018.  

CFTC Sets De Minimus Threshold for SWAPs

November 6, 2018

“Today’s final rule on the numeric threshold for swap dealer de minimis will provide the market with certainty that the threshold will not fall from $8 billion to $3 billion. I fully support the proposed final rule.”