Entries in Andrew Ceresney (23)
After this week's $22 milion award to a whistleblower, SEC leaders called the whistleblower program a game changer that has transformed the SEC's ability to protect investors.
The Securities and Exchange Commission awarded $17 million to a whistleblower Thursday, the second biggest payment since its whistleblower program began nearly five years ago.
Las Vegas Sands Corp. agreed Thursday to pay a $9 million penalty to settle charges that it violated the Foreign Corrupt Practices Act by failing to properly authorize or document millions of dollars in payments to a consultant hired to help it do business in China and Macau.
Since the inception of the SEC Whistleblower Program, the agency has paid $57 million in awards to 26 whistleblowers. From the information released by the SEC Office of the Whistleblower, however, none of these awards was based on information about FCPA violations.
Assistant Attorney General Leslie Caldwell said last week the DOJ's hiring of a compliance counsel doesn't mean the agency is "moving toward recognizing or instituting a 'compliance defense.'"
Andrew Ceresney, head of the SEC's enforcement division, delivered the keynote last week to the National Society of Compliance Professionals at the group's annual event in DC.
The Securities and Exchange Commission Wednesday announced a whistleblower award of $325,000 to a former investment firm employee who missed a bigger payout by waiting too long before tipping the agency about a fraud.
The Securities and Exchange Commission Thursday charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations.
The Securities and Exchange Commission Monday charged Tokyo-based conglomerate Hitachi, Ltd. with violating the Foreign Corrupt Practices Act when it inaccurately recorded improper payments to South Africa’s ruling political party in connection with contracts to build two multi-billion dollar power plants.
The Securities and Exchange Commission Wednesday charged national audit firm BDO USA with ignoring multiple red flags and issuing false and misleading unqualified audit opinions for staffing services company General Employment Enterprises.
The Securities and Exchange Commission Tuesday said BNY Mellon agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act by providing valuable student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund.