In the Margins

SEC awards $7m to three whistleblowers

January 24, 2017

By The Wall Street Journal

The Securities and Exchange Commission has awarded $7 million to three whistleblowers. One of the three brought the tip that was “a primary impetus” for starting the agency’s investigation, and that person will receive more than $4 million, the SEC said. The others jointly provided new information during the course of the SEC probe that “significantly contributed” to the success of the SEC’s action in the case; they will split more than $3 million, the SEC said. Read the original story from The Wall Street Journal.

 

 

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