{"id":2154,"date":"2018-03-19T15:18:28","date_gmt":"2018-03-19T20:18:28","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=2154"},"modified":"2022-03-22T15:58:19","modified_gmt":"2022-03-22T20:58:19","slug":"sec-grants-83m-whistleblower-awards-415m-bank-america-settlement","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-grants-83m-whistleblower-awards-415m-bank-america-settlement\/","title":{"rendered":"SEC Grants $83M in Whistleblower Awards in $415M Bank of America Settlement"},"content":{"rendered":"

\t\t\t\tThe US Securities and Exchange Commission has awarded two whistleblowers almost $50M and another over $33M in the largest whistleblower awards that the regulator has issued to date. This ups the total of SEC whistleblower awards granted to $262M to 53 individuals in the last six years.<\/p>\n

According to the SEC Office of the Whistleblower Chief Jane Norberg, these latest awards show that whistleblowers can offer information that is \u201cincredibly significant,\u201d making it possible for the regulator to go after serious violations that could have gone \u201cunnoticed. \u201c Until these latest awards, the largest SEC whistleblower award granted was $30M in 2014.<\/p>\n

Whistleblowers who provide quality, unique information involving securities law violations that lead to a successful enforcement action rendering over $1M in monetary sanctions may be eligible to receive an award that is 10-30% of the funds collected.<\/p>\n

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

The US Securities and Exchange Commission has awarded two whistleblowers almost $50M and another over $33M in the largest whistleblower awards that the regulator has issued to date. This ups the total of SEC whistleblower awards granted to $262M to 53 individuals in the last six years. According to the SEC Office of the Whistleblower […]<\/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":[3751,3752,3760,3795,3761,3938],"tags":[3013,2961,3014],"class_list":["post-2154","post","type-post","status-publish","format-standard","hentry","category-bank-of-america","category-financial-firms","category-sec-enforcement","category-sec-settlements","category-securities-and-exchange-commis","category-whistleblowers","tag-bank-of-america","tag-sec","tag-sec-whistleblower-awards"],"yoast_head":"\nSEC Grants $83M in Whistleblower Awards in $415M Bank of America Settlement | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission has awarded two whistleblowers almost $50M and another over $33M in the largest whistleblower awards that the regulator has issued to date. This ups the total of SEC whistleblower awards granted to $262M to 53 individuals in the last six years. Read more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-grants-83m-whistleblower-awards-415m-bank-america-settlement\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Grants $83M in Whistleblower Awards in $415M Bank of America Settlement | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"The US Securities and Exchange Commission has awarded two whistleblowers almost $50M and another over $33M in the largest whistleblower awards that the regulator has issued to date. This ups the total of SEC whistleblower awards granted to $262M to 53 individuals in the last six years. Read more.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Grants $83M in Whistleblower Awards in $415M Bank of America Settlement | SSEK Law Firm Blog","description":"The US Securities and Exchange Commission has awarded two whistleblowers almost $50M and another over $33M in the largest whistleblower awards that the regulator has issued to date. This ups the total of SEC whistleblower awards granted to $262M to 53 individuals in the last six years. 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