Companies Assail Whistleblower Bounties

More than 260 firms warned the SEC in a letter that plans to pay bounties will undermine internal compliance programs and turn financial fraud into a "gold mine" for employees.

Sections:  news   business   
Topics:  employee   financial fraud   fraud   sec   whistleblower   
RELATED ARTICLES
  • Feds in NYC: Hackers Stole $45M in ATM Card Breach
    A gang of cyber-criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said Thursday. More
  • Man who faked his way into cockpit pleads guilty to fraud
    The man who conned his way into the cockpit of an US Airways flight in March pleaded guilty Wednesday in Philadelphia to one count of fraud in connection with an identification document. More
  • Six politicians plead not guilty in alleged NYC mayor's race plot
    New York State Sen. Malcolm Smith and five other politicians pleaded not guilty Tuesday to corruption charges in connection with an alleged plot to buy a line on New York City's mayoral ballot. The allegations revived public concerns about a documented culture of exploitation in Albany that has prompted officials to seek legal recourse to induce change. More
  • Pirate Bay founder faces new charges
    The Pirate Bay founder Gottfrid Svartholm Warg has been charged with hacking into several Swedish companies and stealing personal data. More
  • Mary Jo White Confirmed By Senate As SEC Chairman
    The U.S. Senate on Monday confirmed former federal prosecutor Mary Jo White as the new head of the U.S. Securities and Exchange Commission, the agency tasked with policing Wall Street and writing new rules of the road for financial markets. More
BING NEWS:
  • Companies gun-shy on privacy shield
    But the main concern around the legal soundness of the deal is still the safeguards on EU citizens' protection from U.S. intelligence snooping — a concern that has raged in Europe since whistleblower ...
    10/27/2019 - 9:05 am | View Link
  • Firms Assail Whistleblower Plan by SEC
    In a letter to the SEC, top legal officials at companies such as Delta Air Lines Inc., FedEx Corp., Gap Inc. and Pfizer Inc. told the agency that proposed rules for an enhanced whistleblower system ...
    12/14/2010 - 4:01 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News