Tuesday Regulatory Briefing: Supreme Court Puts Limits on SEC Penalties
The NYSE pushes for direct listing changes; stress tests incorporate the pandemic; eurozone banks borrow record amounts; and more.
Amazon’s Labor and Whistleblower Laws Questioned
The New York Attorney General is investigating the e-commerce giant’s response to safety concerns raised by workers during the pandemic.
Don’t Discount Secondhand Whistleblower Reports
Research shows that reports based on secondhand information are actually more credible than those from firsthand knowledge.
Mattel CFO to Step Down After Whistleblower Investigation
The company said it made misstatements in 2017, but found no evidence of fraud.
Infosys Investigating CEO’s ‘Unethical Practices’
Infosys Chairman Nandan Nilekani said that the company had instituted an inquiry against CEO Salil Parekh.
Mattel Shares Tank on Whistleblower Disclosure
The toy maker says it canceled a $250 million bond offering after receiving an "anonymous whistleblower letter."
Cisco Settles With Whistleblower in Cyber Case
The $1 million payout to a Danish security expert is believed to be the first in a cybersecurity case brought under the False Claims Act.
How to Blow the Whistle to the SEC
Becoming a whistleblower requires planning. For example, do you report the fraud internally first or go directly to the SEC?
Ex-Tesla Worker Alleges Production Irregularities
Former technician Martin Tripp told the SEC that Tesla has put defective batteries in cars to meet production quotas.
SEC Wants the Power to Limit the Size of Whistleblower Awards
Proposed amendments to the rules would give commissioners more discretion over the size of whistleblower awards; some say they could undercut the program.
More Whistleblowing, But Also More Retaliation
The rate at which workers are reporting misconduct is on the rise, but so are the instances of companies retaliating against those who report.