SEC Grants Record $279 Million Whistleblower Award
TL;DR Summary
The US Securities and Exchange Commission (SEC) has awarded its largest ever whistleblower award of nearly $279m to an informant whose information helped the regulator's enforcement action. The SEC did not disclose the case concerned in its statement. Payments to whistleblowers are made out of an investor protection fund that was established by Congress and financed entirely through monetary sanctions paid to the SEC by securities law violators.
Topics:business#business#enforcement-action#investor-protection-fund#monetary-sanctions#sec#whistleblower
- SEC issues largest ever whistleblower award of $279 million Reuters
- SEC awards record $279 million to whistleblower CNBC
- SEC issues $279 million whistleblower award — biggest in agency history MarketWatch
- SEC Issues $279 Million Whistleblower Award, Its Largest Ever The Wall Street Journal
- SEC awards record $279 million to corporate whistleblower Washington Examiner
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 1 min read
Condensed
63%
185 → 68 words
Want the full story? Read the original article
Read on Reuters