{"id":5360,"date":"2012-11-17T00:00:00","date_gmt":"2012-11-17T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/11\/institutional_investor_fraud_r_2"},"modified":"2022-04-28T15:51:33","modified_gmt":"2022-04-28T20:51:33","slug":"institutional-investor-fraud-r-2","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r-2\/","title":{"rendered":"Institutional Investor Fraud Roundup: 3,001 Whistleblower Tips Sent to SEC in \u201912, CFTC Contends with \u2018Regulatory Cliff,\u2019 and Private Placement Failures Prompt Insurers to More Closely Examine Alternative Investments"},"content":{"rendered":"<p>According to the SEC\u2019s Whistleblower Office, during fiscal year 2012 it received 3,001 tips. The categories that received the most complaints involved the areas related to manipulation, offering fraud, and corporate disclosures and financials. Although complaints came from every state, the states with the most complaints were California, with 435 whistleblower tips, 246 from New York, while 202 tips came from Florida. Tips also were sent in from 49 countries.<\/p>\n<p>During this past fiscal year, there were 143 notices of covered enforcement actions that resulted in sanctions of over $1 million\u2014the minimum amount that needs to be collected for a whistleblower to obtain a reward. (A quality, original tip may entitle a whistleblower to 10-30% of what the government recovers). The SEC said that its Investor Protection Fund, which pays these rewards to qualifying whistleblowers, is fully funded and at the end of FY 2012 contained over $435 million. In August, the SEC paid its first whistleblower reward of $50,000 under the program.<\/p>\n<p>In other securities regulator news, Scott O\u2019Malia the CFTC commissioner announced that the agency will have to contend with a \u201cregulatory cliff\u201d next month when the temporary no-action relief stemming from new swaps rules expires. The regulator had put out 18 no-action letters and other guidance on October 12, providing a lot of swap market participants with a brief reprieve from rules that were scheduled to go into effect the next day. The relief for most expires on the last day of the year, and O\u2019Malia wants the agency to take action to resolve this situation. He made his comments at the DC conference sponsored by George Mason University&#8217;s Mercatus Center.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r-2\/\"  title=\"Continue Reading Institutional Investor Fraud Roundup: 3,001 Whistleblower Tips Sent to SEC in \u201912, CFTC Contends with \u2018Regulatory Cliff,\u2019 and Private Placement Failures Prompt Insurers to More Closely Examine Alternative Investments\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to the SEC\u2019s Whistleblower Office, during fiscal year 2012 it received 3,001 tips. The categories that received the most complaints involved the areas related to manipulation, offering fraud, and corporate disclosures and financials. Although complaints came from every state, the states with the most complaints were California, with 435 whistleblower tips, 246 from New [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3772,3938],"tags":[],"class_list":["post-5360","post","type-post","status-publish","format-standard","hentry","category-private-placements","category-whistleblowers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Institutional Investor Fraud Roundup: 3,001 Whistleblower Tips Sent to SEC in \u201912, CFTC Contends with \u2018Regulatory Cliff,\u2019 and Private Placement Failures Prompt Insurers to More Closely Examine Alternative Investments &#8212; Investor Lawyers Blog &#8212; November 17, 2012<\/title>\n<meta name=\"description\" content=\"According to the SEC\u2019s Whistleblower Office, during fiscal year 2012 it received 3,001 tips. The categories that received the most complaints involved the &#8212; November 17, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r-2\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Institutional Investor Fraud Roundup: 3,001 Whistleblower Tips Sent to SEC in \u201912, CFTC Contends with \u2018Regulatory Cliff,\u2019 and Private Placement Failures Prompt Insurers to More Closely Examine Alternative Investments &#8212; Investor Lawyers Blog &#8212; November 17, 2012\" \/>\n<meta name=\"twitter:description\" content=\"According to the SEC\u2019s Whistleblower Office, during fiscal year 2012 it received 3,001 tips. The categories that received the most complaints involved the &#8212; November 17, 2012\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Institutional Investor Fraud Roundup: 3,001 Whistleblower Tips Sent to SEC in \u201912, CFTC Contends with \u2018Regulatory Cliff,\u2019 and Private Placement Failures Prompt Insurers to More Closely Examine Alternative Investments &#8212; Investor Lawyers Blog &#8212; November 17, 2012","description":"According to the SEC\u2019s Whistleblower Office, during fiscal year 2012 it received 3,001 tips. The categories that received the most complaints involved the &#8212; November 17, 2012","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r-2\/","twitter_card":"summary_large_image","twitter_title":"Institutional Investor Fraud Roundup: 3,001 Whistleblower Tips Sent to SEC in \u201912, CFTC Contends with \u2018Regulatory Cliff,\u2019 and Private Placement Failures Prompt Insurers to More Closely Examine Alternative Investments &#8212; Investor Lawyers Blog &#8212; November 17, 2012","twitter_description":"According to the SEC\u2019s Whistleblower Office, during fiscal year 2012 it received 3,001 tips. The categories that received the most complaints involved the &#8212; November 17, 2012","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r-2\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r-2\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Institutional Investor Fraud Roundup: 3,001 Whistleblower Tips Sent to SEC in \u201912, CFTC Contends with \u2018Regulatory Cliff,\u2019 and Private Placement Failures Prompt Insurers to More Closely Examine Alternative Investments","datePublished":"2012-11-17T06:00:00+00:00","dateModified":"2022-04-28T20:51:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r-2\/"},"wordCount":593,"articleSection":["Private Placements","Whistleblowers"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r-2\/","url":"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r-2\/","name":"Institutional Investor Fraud Roundup: 3,001 Whistleblower Tips Sent to SEC in \u201912, CFTC Contends with \u2018Regulatory Cliff,\u2019 and Private Placement Failures Prompt Insurers to More Closely Examine Alternative Investments &#8212; Investor Lawyers Blog &#8212; November 17, 2012","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2012-11-17T06:00:00+00:00","dateModified":"2022-04-28T20:51:33+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"According to the SEC\u2019s Whistleblower Office, during fiscal year 2012 it received 3,001 tips. 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