Articles by Sarah N. Lynch

Supreme Court to Review Retaliation Protections for Whistleblowers

The U.S. Supreme Court agreed on Monday to take up a case that promises broad implications for when corporate insiders who blow the whistle on alleged misconduct can be shielded from retaliation by their employers. The justices will hear Digital …

Supreme Court Hands Wall Street Victory in Curbing SEC Disgorgement Remedy

The U.S. Supreme Court on Monday scaled back the Securities and Exchange Commission’s power to recover ill-gotten profits from defendants’ misconduct, handing Wall Street firms a victory and dealing another blow to the regulator’s enforcement powers. In a 9-0 ruling, …

Insurers Push to Keep Industry Expert Woodall on U.S. Regulatory Council

With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of a key figure on the federal body that determines how large insurance companies are regulated. Roy Woodall, the sole independent …

Trump Administration to Delay Fiduciary Rule by 60 Days

The U.S. Labor Department will delay implementation of its “fiduciary” rule by 60 days while it undertakes a review on whether the rule may hinder Americans’ ability to get access to retirement investment advice, according to a filing in the …

Trump Labor Chief Nominee Puzder Loses Republican Support, Withdraws

In a blow to President Donald Trump as he tries to assemble his administration, his nominee for labor secretary, Andrew Puzder, withdrew his name from consideration on Wednesday amid concerns that he could not garner enough Senate votes to be …

U.S. Court Deals Opponents of Obama Fiduciary Rule a Setback

A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald Trump’s efforts to scale back government regulation. The stinging 81-page ruling comes …

Labor Department’s Wells Fargo Whistleblower Site Taken Down

Democratic Senator Elizabeth Warren on Friday accused the U.S. Labor Department of dismantling a website designed to help Wells Fargo workers file whistleblower retaliation and other complaints against the bank, and asked the department to reinstate it. In her letter …

Baxter to Pay $18M Over Mold at North Carolina Plant

Baxter International has agreed to pay $18 million to resolve its criminal and civil liability over claims its unit ignored mold in air filters at a plant where sterile intravenous solutions were made, the U.S. Justice Department said on Thursday. …

Audit Hits Regulator for Not Testing Brokerage Firms’ Cyber Security Policies

The U.S. Commodity Futures Trading Commission failed to verify whether futures and swaps brokerage firms have adequate policies to help ward off cyber attacks, an internal CFTC audit found. The audit was completed in October by Brown & Company CPAS …

Rep. Hensarling’s Plan Could Be Blueprint for Trump Revamping of Dodd-Frank

When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the major financial law known as Dodd-Frank, many said it was a prĂȘt-a-porter plan that his party’s nominee, Donald Trump, could …