The Commodity Futures Trading Commission (CFTC) recently awarded a bounty of $700,000 to a whistleblower who voluntarily offered original information that caused an investigation leading to a successful covered action. The unnamed individual first submitted their information in a Form WB-APP and provided significant assistance to the CFTC staff. This included…
The SEC has announced its award of $6 million to joint whistleblowers who offered credible information on violations of US securities laws. Their assistance led the Commission’s Division of Examinations (Exams) to open an examination based on the tips and information provided. In the interest of confidentiality, the SEC did…
If it sounds too good to be true, it usually is. It is an investment opportunity that offers no risk, high returns, or other incredible claims and is just a can’t-miss way to make more money. Unfortunately, many people get lured into an “easy money” scenario that is nothing more…
If you’ve become aware of a Ponzi scheme, your first instinct may be to disclose the information and stop the fraud. But how do you know who to tell? What do you do next? Who can answer your questions? The United States Securities & Exchange Commission (SEC) established its Office…
SEC whistleblower attorneys Scott Silver and David Chase, recently authored an article for law.com to discuss their predictions for the SEC’s Whistleblower program during the second Trump administration. With the new administration, changes come to nearly every part of government, and the SEC is no exception. President Trump has nominated…
Do you have information about a Ponzi scheme? You could be eligible for a whistleblower award from the SEC for your knowledge and information. Ponzi schemes are infamous for promising high returns in a short time. Like most financial crimes, the scheme’s operators take investor funds and leave the investor…
David R. Chase and Scott Silver co-authored an article for the Daily Business Review that discusses how the Trump administration will impact the SEC Whistleblower Program. Click here to read the full article.
New York-based investment advisors Two Sigma Investments LP and Two Sigma Advisers LP have settled SEC charges and repaid funds after a researcher made unauthorized changes to the firm’s investment models used to make investment decisions. Known collectively as “Two Sigma,” the firm paid $90 million in civil penalties to…
The Commodities Futures Trading Commission (CFTC) has announced an award of nearly $4 million to two whistleblowers who notified the agency of a company’s misconduct. Both individuals provided sufficient original information to lead to a successful enforcement action. Whistleblower #1 initially notified the CFTC of this misconduct and supplied key…
If you have knowledge of a Ponzi scheme or other investment fraud, you may be able to help stop the fraud and earn financial compensation for yourself by submitting a whistleblower tip to the Securities and Exchange Commission (SEC). Our team of attorneys, forensic analysts and investigators are singularly focused…
