Whistleblower Earns $3.5 Million Award for Bolstering Ongoing Investigation

The Securities and Exchange Commission today announced a whistleblower award of more than $3.5 million to a company employee whose tip bolstered an ongoing investigation with additional evidence of wrongdoing that strengthened the SEC’s case. The SEC noted that whistleblowers should be encouraged to come forward and report allegations of potential securities laws violations even […]

FINRA Seeks to Require Registration of Persons Who Develop Algorithmic Trading Strategies

FINRA has filed a proposed rule with the Securities and Exchange Commission (“SEC”) that would require associated persons of FINRA member firms who are responsible for the design, development or significant modification of an algorithmic trading strategy to register with FINRA. The proposed rule would also require the registration of persons who are responsible for […]