The SEC is denying a record percentage of whistleblower claims, including two in orders that sharply rebuked a previous award to billionaire activist investor Carson Block—signs the agency is enforcing rules and scrutinizing claims more strictly than in past years.
The commission, now with a Republican majority, denied awards in 31 consecutive orders issued between April 21 and July 15 – covering at least 55 different tipsters, Bloomberg Law found in a review of all 65 final orders issued this year. It’s the longest drought in the history of the program, which was created by the Dodd-Frank law of 2010 ...
A celebrity endorsement can sell a movie, cosmetics and, sometimes, a bogus health claim. When stars share personal health experiences or opinions, those messages can reach millions of people and s...