Whistleblower

A former Tesla Inc. employee portrayed by Elon Musk as a saboteur has filed a whistle-blower tip with the U.S. Securities and Exchange Commission alleging the company made misstatements and omissions to investors.

The Securities and Exchange Commission voted Thursday to propose amendments to the rules surrounding its whistleblower program.

The former company insider first submitted the tip to another agency, but provided the same information to the Securities and Exchange Commission within 120 days.

The biggest-ever payouts went to tipsters who provided information that helped the agency bring a 2016 case against Bank of America.

The U.S. Supreme Court narrowed an anti-retaliation provision in the 2010 Dodd-Frank financial law, insulating publicly traded companies from some whistleblower lawsuits.

This marks the commission’s third award in a week.

U.S. Supreme Court justices signaled they will narrow an anti-retaliation provision in the 2010 Dodd-Frank financial law, hearing arguments in a case that could insulate publicly traded companies from some whistle-blower lawsuits.

The Anti-Fraud Collaboration, a joint effort of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released a new report urging accountants, auditors and other business people to blow the whistle on any financial reporting shenanigans they see.