{"id":1915,"date":"2017-11-29T13:18:09","date_gmt":"2017-11-29T19:18:09","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1915"},"modified":"2022-03-22T15:07:45","modified_gmt":"2022-03-22T20:07:45","slug":"sec-awards-two-whistleblowers-16m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-awards-two-whistleblowers-16m\/","title":{"rendered":"SEC Awards Two Whistleblowers $16M"},"content":{"rendered":"

\t\t\t\tThe US Securities and Exchange Commision has awarded $16M to two whistleblowers\u2014$8M each\u2014for the crucial information and help they provided in bringing a successful securities enforcement action<\/a>. If you consider that a whistleblower may be eligible for 10-30% of funds collected when the monetary sanctions of the SEC action that the individual helped to bring is greater than $1M, the sanctions imposed in this latest case must have been significant. <\/p>\n

According to the regulator, one whistleblower reported a \u201cparticular misconduct\u201d that became central to the SEC\u2019s enforcement action. The other whistleblower provided additional key information and continued to cooperate with the agency during its probe. The latter\u2019s contributions reportedly saved the Commission time and resources.<\/p>\n

These latest awards bring the amount awarded to SEC whistleblowers\u201449 of them\u2014to over $175M. Alleged wrongdoers accused in the regulators\u2019 cases have been ordered to pay $1B in financial remedies, including over $671M in disgorgement.<\/p>\n

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

The US Securities and Exchange Commision has awarded $16M to two whistleblowers\u2014$8M each\u2014for the crucial information and help they provided in bringing a successful securities enforcement action. If you consider that a whistleblower may be eligible for 10-30% of funds collected when the monetary sanctions of the SEC action that the individual helped to bring […]<\/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":[3760,3761,3741,3938],"tags":[],"class_list":["post-1915","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-and-exchange-commis","category-securities-fraud","category-whistleblowers"],"yoast_head":"\nSEC Awards Two Whistleblowers $16M — Investor Lawyers Blog — November 29, 2017<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commision has awarded $16M to two whistleblowers\u2014$8M each\u2014for the crucial information and help they provided in bringing a — November 29, 2017\" \/>\n<meta name=\"robots\" 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