Group PLC's alleged mortgage-backed securities misconduct to the U. S. Securities and Exchange Commission is not entitled to a whistleblower award for settlements totaling $10 billion that the bank later cut with other federal agencies. In a 30-page opinion written by U. S. Circuit Court Judge Susan L. Carney, a unanimous three-judge panel denied a petition by Victor Hong for a whistleblower award under Section 21F of the Securities Exchange Act. "We reject Hong's arguments that he was entitled to an award and that the SEC was. . .
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
- Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
- Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
- Create custom alerts for specific article and case topics and so much more!
Read Full Story:
https://www.law360.com/articles/1513825/ex-rbs-unit-worker-loses-sec-whistleb...