Friday, September 2, 2016

SEC: 14,000 tips later, whistleblower award program has ‘transformed the agency’ - The FCPA Blog - The FCPA Blog

SEC: 14,000 tips later, whistleblower award program has ‘transformed the agency’ - The FCPA Blog 

After this week's $22 million award to a whistleblower, SEC leaders called the whistleblower program a game changer that has transformed the SEC's ability to protect investors.
More than $107 million has been awarded to 33 whistleblowers.
The biggest award was more than $30 million in 2014. This week's $22 million award was the second biggest.
Whistleblower tips have helped the SEC bring successful enforcement actions "where more than $504 million was ordered in sanctions, including more than $346 million in disgorgement and interest for harmed investors," the agency said.

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