LAWSUITS NEWS & LEGAL INFORMATION
$17M Awarded to Financial Services Sector Whistleblower
Washington, DC: The US Securities and Exchange Commission (SEC) has, this week, awarded a $17 million bounty to a former employee in the financial services industry, who will remain anonymous, as part of its whistleblower program.
The award is the second-largest issued by the SEC since its whistleblower program began nearly five years ago. The SEC issued a $30 million award in September 2014 and a $14 million award in October 2013.
By law, the SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower' identity.
The SEC' whistleblower program has now awarded more than $85 million to 32 whistleblowers since the program' inception in 2011.
Published on Jun-10-16
The award is the second-largest issued by the SEC since its whistleblower program began nearly five years ago. The SEC issued a $30 million award in September 2014 and a $14 million award in October 2013.
By law, the SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower' identity.
The SEC' whistleblower program has now awarded more than $85 million to 32 whistleblowers since the program' inception in 2011.
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