SEC Awards Whistleblowers More Than $6 Million

SEC

The Securities and Exchange Commission today announced awards totaling more than $6 million to two whistleblowers who provided critical information and assistance in two separate covered actions. read more »

The Uber files lit up the darkness of big tech, and showed why we need whistleblowers

THE GUARDIAN

This week, more than 124,000 documents disclosed by the whistleblower Mark MacGann, Uber’s former chief lobbyist for Europe, detailed how Uber flouted laws, duped police, exploited violence against drivers and secretly lobbied governments in order to aggressively build its global empire. read more »

Federal Court Imposes Over $29 Million in Restitution and Penalties Against California and Colorado Residents for Binary Options and Forex Fraud, Registration Violations, and Failure to Comply with Commodity Pool Operator Regulations

CFTC

The Commodity Futures Trading Commission today announced the U.S. District Court for the Eastern District of California entered an order granting the CFTC’s motion for entry of default judgment against California-based John D. Black and his affiliated entities Financial Tree (d/b/a Financial Tree Trust); Financial Solution Group (d/b/a Financial Solution Group Trust); and New Money Advisors, LLC; and his associates Christopher Mancuso and Joseph Tufo; as well as Colorado-based John P. Glenn and his law firm, The Law Firm of John Glenn, P.C. The order finds they are liable for solicitation fraud in connection with binary options and retail foreign currency (forex) transactions, fraud by commodity pool operators (CPOs) and associated persons (APs), multiple CFTC registration violations, and failure to comply with CPO regulations. read more »