Whistleblower Archives - The Industry Spread

SEC Awards More Than $1.8 Million to Whistleblower

September 2, 2019

The Securities and Exchange Commission today announced an award of more than $1.8 million to a whistleblower whose information and assistance were critically important to the success of an enforcement action involving misconduct committed overseas.  

Banks Commit to Removing Sales Incentives for Frontline Staff

July 1, 2019

The FMA and Reserve Bank of New Zealand said today that all banks had committed to remove sales incentives from frontline staff and their managers. Last year’s report by the FMA and RBNZ on banking conduct and culture required banks to outline their plans to remove sales incentives in line with the following criteria

CFTC Announces Approximately $2.5 Million Whistleblower Award

June 29, 2019

The Commodity Futures Trading Commission (CFTC) announced today a whistleblower award of approximately $2.5 million to be paid to an individual whistleblower. In ordering the award, the CFTC took into account the significance of early reporting of misconduct, however, the award was reduced because of the whistleblower’s delay in reporting to the CFTC.

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