The U.S. Securities and Exchange Commission (SEC) today announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million. In total - more than $88 million paid out by the SEC. The previous high was a $30 million award in 2014. Jane…
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The U.S. Securities and Exchange Commission (SEC) has announced an award of more than $4.1 million to a former company insider who alerted the agency to a widespread, multi-year securities law violation and continued to provide important information and assistance throughout the SEC’s investigation. The whistleblower is the third awarded by the SEC in the past week.…
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The Securities and Exchange Commission (SEC) announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge and expertise. Not only did this whistleblower step forward and report suspicious conduct, but continued to…
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The U.S. Securities and Exchange Commission (SEC) today announced that a whistleblower has been awarded approximately $3.5 million for coming forward with information that led to an SEC enforcement action. Jane Norberg, Chief of the SEC’s Office of the Whistleblower, said: Whistleblowers do a tremendous service to the investing public and we will continue to…
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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 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…
Read moreThe U.S. Securities and Exchange Commission today announced a whistleblower award of more than $17 million to a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action. The award is the second-largest issued by the SEC since its whistleblower program began nearly five years ago. The SEC issued a…
Read moreThe U.S. Securities and Exchange Commission (SEC) announces another generous award to a whistleblower, as it will award between $5 million and $6 million to a former company insider whose tip helped the agency uncover securities violations. These would have been nearly impossible to detect had not it been for the whistleblower’s information. Today’s award is…
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