By Steve Kardell | Published February 7, 2023 | Posted in Whistleblower Litigation | Tagged Tags: denied claim, SEC, whistleblower awards |
The Securities and Exchange Commission (SEC) has a Whistleblower Program, which encourages insiders to provide tips regarding wrongdoing. Qualified whistleblowers may receive anywhere from ten to 30 percent of the sanctions collected from successful enforcement actions as a result of their disclosure. The rest is returned to harmed investors or the U.S. Treasury. Last November, Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) recently issued an award resolving the claims of a pair of whistleblowers based on the same action filed against the same entities. However, while one of these whistleblowers got a $3.5 million payout, the other received nothing. Why exactly was this? First, it is important to consider the Read More
Read More