SEC Offers $17M Whistleblower Reward in Bid to Curb Illicit Activity
Posted: Wed Jun 08, 2016 6:03 pm
The US’ Securities and Exchange Commission (SEC) has offered a sum of $17 million in the form of a whistleblower award to any former company employee whose tip substantially and materially advances and assists in the regulator’s investigation and enforcement action. To date, this is the second largest reward ever offered, after a $30 million sum back in September 2014.
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The SEC has a history of such rewards, which essentially offers expedited insight into an investigation. Given the unique ... (read more)