Tips, plus documents and testimony, led to the award
Amendments strengthen anti-retaliation protections
The ASIC calls on the financial industry to heed the results of new academic research into effective whistleblowing.
Employee reported “hard-to-detect” breaches of securities laws
The tipster informed the regulator of securities violations and helped the SEC in its subsequent investigation
A former manager must be reinstated and paid an award of US$5.4 million for being terminated after reporting suspected fraud at the U.S. bank
The regulator also plans to review derivatives markets, climate change disclosure, energy sector regulation and fintech in the next three years
The whistleblower program may need bigger payouts
The primary whistleblower in the case will receive more than US$4 million while the two others will split more than US$3 million
The U.S. regulator alleged that the firm improperly prevented departing employees from potentially collecting whistleblower awards