Whistleblower awards top US$100 million
First SEC enforcement actions for auditor independence failures due to close personal relationships
Wrap programs are one of the regulator’s compliance priorities
New rule amendments aim to enhance advisor report and disclosure
Fraudsters may also target individuals receiving compensation from insurance companies
U.S. health insurer introduced a provision that would deter departing employees from filing applications for SEC whistleblower awards
The information should provide investors more transparency
The new rule aims to minimize client and investor harm in case a firm cannot prevent major disruptions to its operations
The program has paid out more than US$85 million to 32 whistleblowers since it was launched in 2011
Firm agrees to pay US$1 million penalty