The Securities and Exchange Commission Confirms Critical Role Whistleblowers Play in Holding Fraudsters Accountable

The Securities and Exchange Commission Confirms Critical Role Whistleblowers Play in Holding Fraudsters Accountable

The head of the SEC’s Office of the Whistleblower, Sean McKessy, reported on Friday that the increased number of rewards paid out to whistleblowers “reflects the high-quality nature of the tips the SEC is receiving as public awareness of the whistleblower program grows.” 

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SEC Forces Mickelson to Return $1 Million from Insider Trading

SEC Forces Mickelson to Return $1 Million from Insider Trading

PGA golfer Phil Mickelson agreed to forfeit almost $1 million that the Securities and Exchange Commission (SEC) said was obtained through insider trading. Mickelson was named as a “relief defendant” in a criminal case, filed in the Southern District of New York against professional gambler William Walters and a former director of Dean Foods, Thomas Davis.

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SEC Division of Corporation Finance Issues 12 New and Revised C&DIs Regarding Non-GAAP Measures

SEC Division of Corporation Finance Issues 12 New and Revised C&DIs Regarding Non-GAAP Measures

As noted in the May 13 edition of Corporate and Financial Weekly Digest, SEC Chair Mary Joe White, Deputy Chief Accountant Wesley R. Bricker and other high-ranking members of the staff of the SEC have expressed concerns regarding non-GAAP disclosure practices.

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