Governor Kathy Hochul has hit the ground running in many respects. Amidst this flurry of activity was to sign an update of New York Labor Law Section 740 that dramatically expands the whistleblower protections in the state. Some notable changes These changes will go...
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Month: November 2021
DOJ encourages cyber-security whistleblowers to step forward
The news surrounding cyber security is increasingly alarming as hackers seem to breach private and municipal computer systems with impunity. In response, the Department of Justice announced a Civil Cyber-Fraud Initiative that will combat emerging threats to critical...
Despite temporary amendments, SEC awards $1.1 billion
The Securities Exchange Commission (SEC) issued its first award in 2012, and the total in the following ten years stands at $1.1 billion. This total involves payments to 207 whistleblowers. Over that time, the amounts increased to a current record of $114 million in...
Record whistleblower award for the derivatives market
On October 21, the Commodities Futures Trading Commission (CFTC) announced that it awarded nearly $200 million to a whistleblower. This is the largest award to a single whistleblower under the CFTC whistleblower program. According to the agency, the whistleblower's...