United States: SEC Awards Over $16 Million To Whistleblowers In Enforcement Case. Exposing Misconduct.

United States: SEC Awards Over $16 Million To Whistleblowers In Enforcement Case

December 4, 2017

The SEC awarded more than $16 million to two whistleblowers for providing information critical to an investigation that resulted in an enforcement action.

According to the SEC, the first whistleblower informed enforcement staff of specific misconduct that became the “cornerstone” of an enforcement action, and the second whistleblower provided significant information and cooperation that saved a substantial amount of agency resources during the investigation.

The SEC stated that its Whistleblower Program has resulted in $1 billion in “financial remedies ordered against wrongdoers,” and has awarded $175 million to 49 whistleblowers.

Read more here.
The materials on this website are for general information purposes only and should not be construed as legal advice, legal opinion or any other advice on any specific facts or circumstances. Readers should not act or refrain from acting upon this information without seeking professional advice. Transmission of information on or by use of this website is not intended to create, and receipt does not constitute, a lawyer-client relationship between the sender and receiver.
Mobile Menu
×