Cyberattacks- when must publicly traded companies report them to the Securities and Exchange Commission and other agencies?

The SEC and other agencies are concerned about the significant increase in Cyberattacks on financial companies, banks, critical infrastructure companies and others as these attacks from nationstates threaten the security of the United States. In August of last year, the SEC filed a settlement enforcement action against Pearson plc, a London-based public...
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U.S. Securities and Exchange Commission issues investor alert to identify theft and data breaches to your investment accounts due to significant spikes in cybercrime

The United States Securities and Exchange Commission Office of Investor Education has recommended that all investors check their accounts to determine whether financial information or assets have been stolen. This is because the amount of cyrber attacks and cyber penetration has increased substantially in the past...
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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...
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Ukraine launches new whistleblower program and portal to report assets of persons involved in Russia’s aggression war against Ukraine

The Ukrainian Task Force on Freezing and Confiscating Assets of those involved in Russia's war on Ukraine, has established a whistleblower program allowing persons with information on the assets of persons, companies or countries helping Russia to submit the information into the portal. They are seeking the property of war criminals and...
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Former accountant for DermaTran Health Solutions turns whistleblower resulting in $6.8 million settlement against DermaTran and three other pharmacies.Whistleblower gets $1,434 million.

A settlement involving resulting in a $6.8 million settlement stemmed from a case filed in the U.S. District Court for the Northern District of Georgia by a former accountant for DermaTran, under the qui tam, or whistleblower provisions, of the False Claims Act. United States ex rel....
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Securities and Exchange Commission enacts strict new rules on how broker-dealers must create and preserve electronic records for security and compliance reasons. Here’s what’s required:

The Securities and Exchange Commission has passed new rules requiring detailed electronic recordkeeping, prompt production of records, and third-party recordkeeping service requirements applicable to broker-dealers, security-based swap dealers (SBSDs), and major security-based swap participants (MSBSPs). The SEC’s broker-dealer electronic recordkeeping rule currently requires firms to preserve electronic...
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