SEC Continues to Pay Whistleblower Rewards Despite Coronavirus Closures. Exposing Misconduct.

SEC Continues to Pay Whistleblower Rewards Despite Coronavirus Closures

March 31, 2020

March 30th, the U.S. Securities and Exchange Commission (SEC) announced a Dodd-Frank Act whistleblower award of $450,000 given to an individual whose significant information helped in an investigation.

According to an SEC press release, the whistleblower, who chose to remain anonymous, became eligible for an award after reporting concerns about internal compliance. The whistleblower, who had compliance-related responsibilities, reported concerns about the relevant conduct internally within the company and then waited 120 days before reporting to the SEC.  In most cases, the SEC regulations require employees with compliance-related functions to wait 120 days prior to filing an award claim.

Read more here.
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