More people have stepped up as whistleblowers, and federal markets regulators are repaying their courage with significant cash in a renewed push to work with and reward those who report wrongdoing. In September alone, the U.S. Securities and Exchange Commission handed out nearly $60 million in awards, including its second-largest award ever. Meanwhile, the U.S. Commodity Futures Trading Commission — which had been relatively quiet, making only four awards since its whistleblower program’s … [Read more...]
Whistleblower Retaliation Takes a Troubling Turn
A new workplace ethics survey reveals concerning news: Employees who report wrongdoing are much more likely to pay for their honesty today. The rate of retaliation against whistleblowers doubled from 22 percent in 2013 to 44 percent in 2017, according to the latest Global Business Ethics Survey from the Ethics & Compliance Initiative. On the surface, it would seem that this backlash is because reporting of misconduct hit the highest recorded rates in the 24-year-old survey’s … [Read more...]
Regulators Signal Greater Support for Cybersecurity Whistleblowers
The murky world of cybersecurity remains fraught with worries for those trying to prevent hacks, but it has gotten somewhat clearer of late for employees who see their companies ignoring risks. For one thing, federal regulators are taking the issue seriously, despite its relative newness on the securities law stage. For another, some rules have been clarified regarding protections for cybersecurity whistleblowers. From a federal perspective, cyber intrusions are an obvious problem that can … [Read more...]
2018 Brings Higher Fines for Hospitals that Punish Whistleblowers
We rely on nurses and healthcare workers to keep patients safe; it’s imperative to protect them when they report dangerous staffing levels or hospital conditions. Starting this year, California will chargeimpose higher penalties toon health facilities that discriminate or retaliate against whistleblowers who report issues that affect patient care, services or hospital conditions. Existing state law forbids health facilities from discriminating or retaliating against patients, employees, … [Read more...]
Three reasons competitors (and other outsiders) can make great whistleblowers
When most people think of whistleblowers they probably picture “insiders” at companies that cheat the government. Indeed, the federal False Claims Act, a key whistleblower law, requires that information or evidence of fraud, waste or abuse come from an “original source.” But there’s no requirement that the original source be someone inside the company. Outsiders with the right information can blow the whistle, too. Indeed, in some situations, the best whistleblowers may be a law breaker's … [Read more...]
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