Whistleblowers who give the SEC original, timely, and credible information that leads to a successful enforcement action are eligible for monetary awards ranging from 10% to 30% of the financial sanctions collected. This program has been instrumental in uncovering significant fraud and misconduct. It...
* Bank Misconduct Risk: The risk of the negligence or misconduct of the bank as custodian (an even more acute concern in the wake of MF Global which, though not a bank, highlights the risk of negligence or misconduct by any financial institution...
For example, Dr Max Anderson of Perth wrote to the then leader of the Opposition in the Senate, Senator Lionel Murphy QC, in November 1969 about the losses he made by selling his 4,200 Poseidon shares on his broker’s advice on 26 September 1969 for AUD1.50 (AUD6300). The broker’s ...