{"id":11381,"date":"2013-10-02T09:48:18","date_gmt":"2013-10-02T07:48:18","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=11381"},"modified":"2013-10-02T09:50:18","modified_gmt":"2013-10-02T07:50:18","slug":"whistleblower-award","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/whistleblower-award\/","title":{"rendered":"Whistleblower Award"},"content":{"rendered":"

SEC AWARDS MORE THAN $14 MILLION TO WHISTLEBLOWER<\/p>\n

The Securities and Exchange Commission announced an award of more than $14 million to a whistleblower whose information led to an SEC<\/a> 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\u2019s annual appropriations or reduce amounts paid to harmed investors.<\/p>\n

\u201cOur whistleblower program already has had a big impact on our investigations by providing us with high quality, meaningful tips,\u201d said SEC Chair Mary Jo White. \u201cWe hope an award like this encourages more individuals with information to come forward.\u201d<\/p>\n

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\u2019s tip, the SEC was able to bring an enforcement action against the perpetrators and secure investor funds.<\/p>\n

\u201cWhile it is certainly gratifying to make this significant award payout, the even better news for investors is that whistleblowers are coming forward to assist us in stopping potential fraud in its tracks so that no future investors are harmed,\u201d said Sean McKessy, chief of the SEC\u2019s Office of the Whistleblower. \u201cThat ultimately is what the whistleblower program is all about.\u201d
\nSEC Whistleblower Award PressRelease
\n<\/a>SEC Whistleblower_Award<\/a><\/p>\n

\"Whistleblower<\/p>\n","protected":false},"excerpt":{"rendered":"

SEC AWARDS MORE THAN $14 MILLION TO WHISTLEBLOWER The Securities and Exchange Commission 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 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13,9],"tags":[],"class_list":["post-11381","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-w-t-w"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t