Task Force Dedicated to COVID-19 Fraud Created

On May 17, 2021, Attorney General Merrick B. Garland released a memo announcing the establishment of a COVID-19 Fraud Enforcement Task Force (“COVID-19 Task Force”).  Continuing the government’s collaboration with interagency partners, the COVID-19 Task Force invited...

House Passes Dedicated Insider Trading Bill

On May 18, the U.S. House of Representatives passed H.R.2655, the Insider Trading Prohibition Act.  If passed by the Senate, the legislation would be the first dedicated legislation to combat insider trading.  For decades, the Department of Justice and Securities and...

SEC Awards Whistleblower $18 Million

The Securities and Exchange Commission (SEC) recently announced that it had awarded $22 million to two whistleblowers, with one of those individuals receiving an $18 million award. The two individuals provided the SEC with information concerning the same...