Hagens Berman Client Haim Bodek's Complaint Results in Record $14M Penalty to Bats Global

Today, a complaint from Hagens Berman’s SEC whistleblower client, Haim Bodek, against Bats Global Markets has resulted in the largest penalty ever brought against a financial exchange – $14 million.
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Steve W. Berman, Managing Partner, and Shayne C. Stevenson, Partner, lead Hagens Berman’s team of 14 whistleblower attorneys who bring years of experience and specialized knowledge to your whistleblower claim.
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$1 Billion Bank of America Whistleblower Case

Hagens Berman represented former home appraisal manager and whistleblower Kyle W. Lagow, who blew the whistle on widespread fraud at Countrywide Financial, culminating in the historic $1 billion settlement.
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False Claims Act

Want to learn more about the False Claims Act? Contact our experienced team to find out about rewards, protections, and the scope of federal and state laws.
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Whistleblower attorney, Shayne Stevenson explains Qui Tam laws and how they work for whistleblowers.

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WSJ: BATS to Pay $14 Million to Settle Direct Edge Order-Type Case

Today, the Securities and Exchange Commission finalized a record $14 million fine in light of information from Hagens Berman’s whistleblower client, Haim Bodek, accusing Direct Edge and BATS Global Trading of failing to accurately and completely disclose how order types functioned on its exchanges and for selectively providing such information …

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Hagens Berman’s SEC Whistleblower Client Haim Bodek’s Complaint Against High-Frequency Trading and Financial Exchange Abuse Results in Largest Ever Penalty Against a Financial Exchange

Settlement marks biggest fine ever levied against an exchange – $14 million RELATED DOCUMENTS: SEC Order SEATTLE – The U.S. Securities and Exchange Commission today announced that two exchanges formerly owned by Direct Edge Holdings (and since acquired by Bats Global Markets, the second-largest financial exchange in the country) have …

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5 Things Whistleblowers Must Know Before Reporting Fraud

By Shayne C. Stevenson, Head of Whistleblower Practice Whistleblowers assume risks when they choose to report fraud or wrongdoing, but an even greater jeopardy comes with blowing the whistle without knowing the basics about your rights. You wouldn’t want to bring a knife to a gunfight, and you wouldn’t want …

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United States Files Suit Against Air Ideal and its Owner for Allegedly Submitting False Claims Under Historically Underutilized Business Zone Program

Financial fraud violates the False Claims Act. Qualification for government assistance, whether under the FHA mortgage program or the Small Business Administration, is conditioned upon truthful statements establishing bona fide qualification for the program in question. False statements made to secure SBA assistance violate the False Claims Act. Whistleblowers aware …

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