Tag: whistleblower program

November 21, 2018 BY Valentina Kirilova

ASC adds a whistleblower program to its enforcement toolbox

The Alberta Securities Commission (ASC) has announced the creation of its whistleblower program and the Office of the Whistleblower (OWB) through the adoption of ASC Policy 15-602 Whistleblower Program and accompanying amendments to the Securities Act (Alberta) (contained within Bill 20). The program allows whistleblowers to safely and easily report potential breaches of Alberta securities…

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ASIC applauds the enactment of stronger whistleblowing laws
January 17, 2017 BY LeapRate Staff

Blackrock fined by the SEC for whistleblowing clauses in exit agreements

The U.S. Securities and Exchange Commission has announced that New York-based BlackRock, Inc. (NYSE:BLK), the world's largest asset manager, has agreed to pay a $340,000 penalty to settle charges that it improperly used separation agreements in which exiting employees were forced to waive their ability to obtain whistleblower awards. According to the SEC’s order, more…

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February 19, 2016 BY Maria Nikolova

Quebec's financial regulator not to reward whistleblowers

AMF, the regulatory and oversight body for the financial sector of Canada's Quebec, has announced that it will not offer financial rewards to whistleblowers reporting violations of the laws of the Canadian province. The AMF said its decision comes after a comprehensive analysis of whistleblower programs managed by other regulators, including the U.S. Securities and…

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October 29, 2015 BY Maria Nikolova

Ontario regulator to encourage whistleblowers with rewards of up to C$5 million

The Ontario Securities Commission (the OSC) is joining the raft of global regulators encouraging reports of securities-related misconduct. On Wednesday, the OSC published Proposed OSC Policy 15-601 Whistleblower Program, a set of rules that would be the first of its kind for securities regulators in Canada. Under the proposed policy, eligible whistleblowers are entitled to…

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