CONTACT US

For any general inquiries, please fill in the following contact form:

Our websites never use cookies or other technologies such as pixel tags and web beacons. We only retain personal information when the contact section of our websites is filled. To proceed and get in touch with us through this format please read our Terms & Conditions, updated to be in line with the provisions of the GDPR, and tick this box to consent in us retaining the above information for contacting purposes only.

SUBMIT

SEC Announces $2.5 Million Whistleblower Award

SEC Announces $2.5 Million Whistleblower Award

Washington D.C., July 25, 2017—

The Securities and Exchange Commission today announced an award of nearly $2.5 million to an employee of a domestic government agency whose whistleblower tip helped launch an SEC investigation and whose continued assistance enabled the SEC to address a company's misconduct.

''Whistleblowers can provide a wealth of information and ongoing assistance that helps our agency bring enforcement actions quicker and more efficiently,'' said Jane Norberg, Chief of the SEC's Office of the Whistleblower.  ''This whistleblower not only helped us open the case, but also provided timely ongoing assistance along with critical documents and testimony that accelerated the pace of our enforcement action.''

Approximately $156 million has now been awarded to 45 whistleblowers who voluntarily provided the SEC with original and useful information that led to a successful enforcement action.  No money has been taken or withheld from harmed investors to pay whistleblower awards.

By law, the SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower's identity.  Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.  Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.  All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators.

For more information about the whistleblower program and how to report a tip, visit www.sec.gov/whistleblower.


https://www.sec.gov/news/press... 

MORE NEWS

Watchdog berates PwC over 'misleading' BHS accounts

Watchdog berates PwC over 'misleading' BHS accounts
Regulator criticises accountant for signing off ‘unrealistic’ forecasts before sale of retailer.BHS’s accounts were misleading and featured ...

Serious Fraud Office suspends lawyer in charge of Unaoil investigation

Serious Fraud Office suspends lawyer in charge of Unaoil investigation
The senior lawyer in charge of an ongoing criminal investigation into Monaco-based oil firm Unaoil has been suspended. Tom Martin, the ...

Switzerland's ZKB to pay $98 million to end U.S. probe of tax evasion

Switzerland's ZKB to pay $98 million to end U.S. probe of tax evasion
NEW YORK (Reuters) - Swiss lender Zuercher Kantonalbank (ZKB) [ZKB.UL] has agreed to pay about $98 million to resolve a U.S. investigation ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA