X
U.S. Securities and Exchange Commission Awards $5.5 Million to Whistleblower
Collapse
-
U.S. Securities and Exchange Commission Awards $5.5 Million to Whistleblower
U.S. Securities and Exchange Commission Awards $5.5 Million to Whistleblower
January 9, 2017
Washington, DC - - (January 6, 2017) - - The Securities and Exchange Commission today announced an award of more than $5.5 million to a whistleblower who provided critical information that helped the SEC uncover an ongoing scheme.
According to the SEC’s order, the whistleblower was employed at the company involved in the wrongdoing and reported the information directly to the SEC, which brought a successful enforcement action to end the scheme.
“Whistleblowers play a key role in bringing wrongdoing to the SEC’s attention, and this whistleblower helped prevent further harm to a vulnerable investor community by boldly stepping forward while still employed at the company,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.
SEC enforcement actions from whistleblower tips have resulted in more than $904 million in financial remedies.
The SEC’s whistleblower program has now awarded approximately $142 million to 38 whistleblowers since issuing its first award in 2012.
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 unique and useful 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. No money has been taken or withheld from harmed investors to pay whistleblower awards.
Information source: U.S. Securities and Exchange CommissionTags: NonePosting comments is disabled.

Hurricane information
Collapse
Trending
Collapse
There are no results that meet this criteria.
Latest Articles
Collapse
BEWARE OF CULTS!!!
Collapse
BEWARE OF CULTS!!!
IF YOUR FAMILY MEMBER IS IN AN ORGANIZATION THAT WILL NOT ALLOW HIM OR HER TO TALK TO HIS OR HER RELATIVES, THAT PERSON IS IN A CULT!!!
CULT LEADERS ARE MEAN, HARD-HEARTED AND EVIL!!!
BEWARE OF CULTS!!!
CULTS BRAINWASH ADULTS!!!
SOME CULTS OPERATE IN THE ATLANTA, GEORGIA AREA!!!
CULTS ALSO OPERATE IN OTHER AREAS!!!
IF, WHEN YOUR FAMILY MEMBER DOES CONTACT A MEMBER OF THE FAMILY, THE FAMILY MEMBER CONTACTED IS NOT ALLOWED TO TALK, YOUR FAMILY MEMBER IS IN A CULT!!!
CULT LEADERS ARE MEAN, HARD-HEARTED AND EVIL!!!
ANYONE WHO WILL NOT ALLOW A PERSON TO TALK TO HIS OR HER OWN PARENTS IS MEAN, HARD-HEARTED AND EVIL!!!
IF, WHEN YOU INQUIRE ABOUT YOUR FAMILY MEMBER, THEY ACCUSE YOU OF STALKING, YOUR FAMILY MEMBER IS IN A CULT!!!
BEWARE OF CULTS!!!
YOU HAVE BEEN WARNED!!!
BEWARE OF CULTS!!!
Shop Low Cost Domains
Collapse
CNG Vehicle Cost Calculator
Collapse
Do You Have An Internet Presence?
Collapse
Air Quality Conditions in Independence, MO Zip Code 64050
Collapse
Air Quality Conditions in Rome, GA Zip Code 30161
Collapse
Trending
Collapse
There are no results that meet this criteria.
Categories
Collapse
Hurricane information
Collapse
Air Quality Conditions in Madison, WI Zip Code 53706
Collapse
Air Quality Conditions in Albuquerque, NM Zip Code 87121
Collapse
Shop at Low Cost Domains
Collapse
Air Quality Conditions in Harrisburg, PA Zip Code 17104
Collapse
Electric Drive Cost Calculator
Collapse