Whistleblower News: SEC Announces Enforcement Results For FY22, $51 Million To Resolve False Claims Act Allegations, Regulators Circle FTX As Rival Exchanges Try To Calm Investors, Three Out Of Four Bitcoin Investors Have Lost Money

SEC Announces Enforcement Results for FY22


The Securities and Exchange Commission today announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These included 462 new, or "stand alone," enforcement actions, a 6.5 percent increase over fiscal year 2021; 129 actions against issuers who were allegedly delinquent in making required filings with the SEC; and 169 "follow-on" administrative proceedings seeking to bar or suspend individuals from certain functions in the securities markets based on criminal convictions, civil injunctions, or other orders. The SEC’s stand-alone enforcement actions in fiscal year 2022 ran the gamut of conduct, from "first-of-their-kind" actions to cases charging traditional securities law violations. read more »

Florida Birth-Related Neurological Injury Compensation Plan and Association to Pay $51 Million to Resolve False Claims Act Allegations


The Florida Birth-Related Neurological Injury Compensation Plan and its administrator, the Florida Birth-Related Neurological Injury Compensation Association (collectively, “NICA”), have agreed to pay $51 million to resolve allegations that they violated the False Claims Act by causing NICA participants to submit their healthcare claims to Medicaid rather than NICA, in violation of Medicaid’s status as the payer of last resort under federal law. read more »

Regulators circle FTX as rival exchanges try to calm investors


Bitcoin and other cryptocurrencies were under pressure on Monday following last week's spectacular collapse of crypto exchange FTX, while regulators opened probes and rival exchanges sought to reassure jittery investors of their own stability. read more »

Three out of four bitcoin investors have lost money: study


Roughly three-quarters of people who have bought bitcoin have lost money according to a study published Monday as the cryptocurrency sector reels from the collapse of a major exchange that has sapped confidence. read more »