The Securities and Exchange Commission Monday awarded more than $20 million to a whistleblower who helped the SEC act "against wrongdoers before they could squander the money."
Entries in BHP Billiton (13)
The SEC Tuesday awarded a whistleblower more than $4 million for original information that alerted the agency to a fraud.
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.
Has the SEC paid a whistleblower for an FCPA-related tip? Yes, according to reports this week.
2015 continued the trend of FCPA enforcement actions brought by the SEC with no parallel DOJ enforcement action. As you might expect, these SEC enforcement actions turned on violations of the FCPA accounting provision, either the books and records or the internal controls provisions.
From April through June, there were two corporate FCPA enforcement actions. There were also two individual guilty pleas, with one -- by Joseph Sigelman in the midst of his FCPA trial -- resulting in probation only and no jail time.
The Securities and Exchange Commission Wednesday charged global resources company BHP Billiton with violating the Foreign Corrupt Practices Act when it sponsored foreign government officials as guests at the 2008 Summer Olympics in Beijing.
BHP Billiton is in discussions to resolve an investigation of potential Foreign Corrupt Practices Act violations that relate to the company's sponsorship of the 2008 Beijing Olympics.