{"id":1519,"date":"2014-09-23T16:24:08","date_gmt":"2014-09-23T16:24:08","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/09\/sec_news_regulator_grants_30m"},"modified":"2022-03-11T13:33:25","modified_gmt":"2022-03-11T19:33:25","slug":"sec-news-regulator-grants-30m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-news-regulator-grants-30m\/","title":{"rendered":"SEC News: Regulator Grants $30M Whistleblower Award and Charges Washington Investment Advisory Firm $600K for Undisclosed Principal Transaction, False Advertising"},"content":{"rendered":"

\t\t\t\tWhistleblower to Get Over $30M Award in SEC Case <\/strong><\/p>\n

In its largest whistleblower award yet, the U.S. Securities and Exchange Commission will pay a bounty of over $30 million to an informant. Seeing that a whistleblower may be entitled to 10-30% of the amount recovered under the Dodd-Frank program, if the quality, unique information the person provided led to an enforcement action resulting in sanctions of over $1 million, a huge sum was obviously recovered.<\/p>\n

In this particular case, the whistleblower resides abroad. Andrew Ceresney, SEC Enforcement Division Director, said that the individual brought the agency information about a fraud that otherwise would have been very hard to detect. He stated that whistleblowers anywhere in the world should see this latest award as incentive to report possible violations involving U.S. securities fraud. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Whistleblower to Get Over $30M Award in SEC Case In its largest whistleblower award yet, the U.S. Securities and Exchange Commission will pay a bounty of over $30 million to an informant. Seeing that a whistleblower may be entitled to 10-30% of the amount recovered under the Dodd-Frank program, if the quality, unique information the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760,3741,3938],"tags":[],"class_list":["post-1519","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-fraud","category-whistleblowers"],"yoast_head":"\nSEC News: Regulator Grants $30M Whistleblower Award and Charges Washington Investment Advisory Firm $600K for Undisclosed Principal Transaction, False Advertising — Investor Lawyers Blog — September 23, 2014<\/title>\n<meta name=\"description\" content=\"Whistleblower to Get Over $30M Award in SEC Case In its largest whistleblower award yet, the U.S. Securities and Exchange Commission will pay a 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