DODD-FRANK WHISTLEBLOWER SEC
We represent dozens of whistleblowers in confidential cases and settled cases we will not disclose; cases identified only with client permission.
MODDHA INTERACTIVE, INC., ET AL.
Hagens Berman represented the whistleblower who sparked the successful investigation and prosecution of this “hi-tech scam” investment fraud case that was resolved by the SEC in 2020. The violations of federal securities laws are set forth in the SEC’s complaint.
BATS / DIRECT EDGE STOCK EXCHANGES
In one of the first successful SEC whistleblower cases, our whistleblower attorneys represented Haim Bodek, a leading algorithmic trading expert, in his complaint against BATS Global Inc. / Direct Edge Holdings challenging the unlawful preferential treatment it gave certain preferred high-frequency trading companies. Hagens Berman’s case resulted, in 2015, in the largest SEC fine ever imposed on a U.S. financial exchange. Mr. Bodek’s work was twice reported on the front page of The Wall Street Journal and he was rewarded for his work.
NEW YORK STOCK EXCHANGE (NYSE)
Our firm also represented a whistleblower behind the 2018 SEC action against the New York Stock Exchange (NYSE) which resulted in a record-tying fine against the large financial exchange (tying the fine in the BATS action also triggered by our client).
SEC Order
Bloomberg Article
GRANT THORNTON
Hagens Berman successfully represented a whistleblower who brought allegations to the SEC that a leading accounting and audit firm, Grant Thornton LLP, ignored red flags signaling fraud risk while conducting deficient audits of a publicly-traded company our client blew the whistle on. That company and its leadership were subject to an ongoing SEC enforcement action for improper accounting and other practices.
SEC Order
