Posts tagged Whistleblower Program.
The New Rules are Designed to Add Clarity, Efficiency and Transparency to the SEC’s Already Successful Whistleblower Award Program
On November 30, 2017, the SEC announced that it awarded more than $16 million to a pair of whistleblowers reporting securities law violations by a public company, ranking it among the ten largest awards since the inception of the whistleblower program. With this case, SEC enforcement actions triggered by whistleblowers have now resulted in more than $1 billion in financial remedies ordered against wrongdoers.
The SEC’s whistleblower program surpasses $100 million in awards.
The SEC’s whistleblower program provides substantial bounties for reporting alleged corporate fraud and stock manipulation.