Gregory (Greg) Keating, Member of the Firm in the Employment, Labor & Workforce Management practice, in the firm’s Boston office, was quoted in The Wall Street Journal, in “SEC Issues $114 Million to Two Whistleblowers,” by Mengqi Sun. (Read the full version – subscription required.)
Following is an excerpt:
The U.S. Securities and Exchange Commission awarded about $114 million in total to two whistleblowers, including one who provided independent analysis to the regulator that helped substantially advance investigations, the SEC said. …
With the latest awards, the SEC whistleblower program has paid out more than $1 billion to 207 whistleblowers since issuing its first award in 2012, the agency said. That marks a milestone for the SEC whistleblower program created by the 2010 Dodd-Frank Act.
The SEC announced the awards Wednesday but didn’t name the cases involving two companies that the awards are connected to and didn’t identify the tipsters, in keeping with its policy. …
The awards and the milestone are another reminder that companies need to commit to compliance and ensure they address issues raised internally, according to Gregory Keating, a whistleblower defense attorney for employers at law firm Epstein Becker & Green PC. “For employers, this is a clarion call that you need to embrace best practices and training,” he said.
