On March 9 and 25, 2015 by the Securities and Exchange Commission's ("SEC's") Claims Review Staff ("CRS") recommended an award in excess of $3 million for a whistleblower Claimant and recommended the denial of an award to a second whistleblower Claimant. The denial was predicated upon the second Claimant's "unreasonable delay in reporting the illegal conduct to the Commission."
The whistleblower's specific and detailed information comprehensively laid out the fraudulent scheme which otherwise would have been very difficult for investigators to detect. The whistleblower's initial tip also led to related actions that increased the whistleblower's award.
FINRA censured and fined Equitable Advisors, LLC after the firm had settled a customer arbitration via an agreement in which the customer ag... Read On
CFTC Awards Largest Single Whistleblower Award of $200 Million But With One Commissioner's Dissent (BrokeAndBroker.com Blog)http://www.brokeandbroker.... Read On
The other day, we were informed of yet another "largest award" in the history of whistleblowing: CFTC Awards Nearly $200 Million to a Whistleblow... Read On
Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/611... Read On
At a bare minimum, we have the right to expect sufficient content and context in a FINRA Arbitration Award so as to render the published document inte... Read On
In a recent federal case, Morgan Stanley raised a number of serious questions about a former employee, but those questions didn't help the firm win a ... Read On
Stockbroker and investment advisor Leon C. Vaccarelli got into the ring with the United States Government and thought he could go the distance against... Read On