The U.S. Securities and Exchange Commission has announced an award of more than $20 million to a whistleblower who promptly came forward with valuable information that enabled the SEC to move quickly and initiate an enforcement action against wrongdoers before they could squander the money. The $20 million award is the third-highest since the SEC’s whistleblower…
Read moreIt is clear that US securities industry regulator the Securities and Exchange Commission (SEC) is pleased with its Whistleblower program. While bureaucratic / government offices seldom put out puffery-like press releases, the SEC is clearly heavily marketing its Whistleblower program and enticing future potential tattle-tellers by dangling the very large carrot of multi million dollar…
Read moreThe Wall Street Journal is reporting that the SEC's fine $382 million to State Street Corp (NYSE:STT) for applying hidden markups to FX trades in mutual funds, and overcharging other clients in FX trades, will result in record Whitleblower rewards being paid out. And one of the recipients of the largest-ever whistleblower award is a face…
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