NikSam
10-26-2013, 07:16 AM
SEC Awards More Than $14 Million to Whistleblower
Washington D.C., Oct. 1, 2013 — The Securities and Exchange Commission today announced an award of more than $14 million to a whistleblower whose information led to an SEC enforcement action that recovered substantial investor funds. Payments to whistleblowers are made from a separate fund previously established by the Dodd-Frank Act and do not come from the agency’s annual appropriations or reduce amounts paid to harmed investors.
The award is the largest made by the SEC’s whistleblower program to date.
...
The whistleblower, who does not wish to be identified, provided original information and assistance that allowed the SEC to investigate an enforcement matter more quickly than otherwise would have been possible. Less than six months after receiving the whistleblower’s tip, the SEC was able to bring an enforcement action against the perpetrators and secure investor funds.
more: SEC.gov | SEC Awards More Than $14 Million to Whistleblower (http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539854258#.Umup8Y5xt-A)
Washington D.C., Oct. 1, 2013 — The Securities and Exchange Commission today announced an award of more than $14 million to a whistleblower whose information led to an SEC enforcement action that recovered substantial investor funds. Payments to whistleblowers are made from a separate fund previously established by the Dodd-Frank Act and do not come from the agency’s annual appropriations or reduce amounts paid to harmed investors.
The award is the largest made by the SEC’s whistleblower program to date.
...
The whistleblower, who does not wish to be identified, provided original information and assistance that allowed the SEC to investigate an enforcement matter more quickly than otherwise would have been possible. Less than six months after receiving the whistleblower’s tip, the SEC was able to bring an enforcement action against the perpetrators and secure investor funds.
more: SEC.gov | SEC Awards More Than $14 Million to Whistleblower (http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539854258#.Umup8Y5xt-A)