Four years ago, Eileen Foster risked her job and reputation to expose widespread fraud and corruption at her then employer, Countrywide (now Bank of America).  Although her courage helped better ensure that those responsible were held accountable, she recently expressed discontent with how little has changed in the years since:   “Here we are, several years [...]

Wal-Mart executives could be facing the threat of charges brought under the Sarbanes-Oxley Act of 2002 (“SOX”), according to reports written by Reuters and the New York Times this week.  The Times article blew the lid on an alleged cover-up of $24 million in Mexican bribes made in violation of the Foreign Corrupt Practices Act [...]

Fortune Magazine wrote last week about a recently released study by the Corporate Executive Board (“CEB”), an Arlington, Virginia-based research and advisory firm, which sought to gather information about the frequency with which financial employees reported wrongdoing.  The study was conducted over a period of four years, and polled over 500,000 employees at 150 companies [...]

The Administrative Review Board (“ARB”) of the U.S. Department of Labor (“DOL”) vacated a decision by an administrative law judge (“ALJ”) to dismiss the complaint of a whistleblower, and remanded the case for further proceedings.  In the case of Zinn v. American Commercial Lines, Inc., the Complainant filed suit under the Sarbanes-Oxley Act of 2002 (“SOX”) [...]

On November 21, 2011, the Financial Industry Regulatory Authority, Inc. (“FINRA”) filed a proposed rule change with the Securities and Exchange Commission (“SEC”) to amend FINRA Rule 13201 of the Code of Arbitration Procedure for Industry Disputes (“Industry Code”) to align the rule with statutes that invalidate mandatory, binding predispute arbitration agreements that would limit [...]