Tag: Enforcement

CFTC goes after outside attorney for aiding and abetting violations of Dodd-Frank

In the most recent exercise of the Commodity Futures Trading Commission’s expanded enforcement authority under the Dodd-Frank Act, the CFTC filed a Complaint against attorney Jay Bruce Grossman claiming that Grossman aided the fraud of Hunter Wise Commodities and various dealers and intermediaries. The CFTC further asserts that Grossman aided and abetted his clients in entering … Continue Reading

SEC announces whistleblower award to audit and compliance professional who reported company’s wrongdoing

On August 29, 2014, the SEC announced a whistleblower award of more than $300,000 to a company employee who performed audit and compliance functions and reported wrongdoing to the SEC after the individual’s employer failed to take action after the misconduct was reported internally by the employee. The employee disclosed the information to the SEC … Continue Reading

SEC settles enforcement action against hedge fund for retaliation against whistleblower

On June 16, 2014, the Securities and Exchange Commission (the “SEC”) announced a $2.2 million settlement against an investment adviser that engaged in prohibited principal transactions and then retaliated against the employee who reported this misconduct to the SEC.  This was the first time the SEC had filed a case under its new authority to … Continue Reading
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