{"id":5295,"date":"2012-03-23T00:00:00","date_gmt":"2012-03-23T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/03\/secs_office_of_the_whistleblow"},"modified":"2022-04-28T10:56:42","modified_gmt":"2022-04-28T15:56:42","slug":"secs-office-of-the-whistleblow-2","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/secs-office-of-the-whistleblow-2\/","title":{"rendered":"SEC\u2019s Office of the Whistleblower In Early Phase of Evaluating Reward Claims"},"content":{"rendered":"<p>Securities and Exchange Commission&#8217;s Office of the Whistleblower Chief Sean McKessy says that the preliminary stage for processing claims stemming from whistleblower cases that resulted in over $1 million in sanctions is underway. McKessy spoke before an Investment Adviser Association-hosted panel earlier this month. He said that the share that an eligible whistleblower can receive would depend on the amount that is actually collected, which might be different from how much a party has been ordered to pay. McKessy made sure to say that the views expressed were his alone and did not reflect those of the SEC or other staff members.<\/p>\n<p>The first reward under the SEC\u2019s whistleblower program, implemented under the<\/p>\n<p>2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, has yet to be issued. Per the program, whistleblowers that provide \u201coriginal information\u201d of their own accord that leads to the government recovering over $1 million in monetary penalties are entitled to 10-30% of what is paid. SEC staff can also investigate and prosecute employers that retaliate against an employee who stepped forward, regardless of whether or not the federal regulator decided to bring a case based on the information that this person provided.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/secs-office-of-the-whistleblow-2\/\"  title=\"Continue Reading SEC\u2019s Office of the Whistleblower In Early Phase of Evaluating Reward Claims\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Securities and Exchange Commission&#8217;s Office of the Whistleblower Chief Sean McKessy says that the preliminary stage for processing claims stemming from whistleblower cases that resulted in over $1 million in sanctions is underway. McKessy spoke before an Investment Adviser Association-hosted panel earlier this month. He said that the share that an eligible whistleblower can receive [&hellip;]<\/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":[3938],"tags":[],"class_list":["post-5295","post","type-post","status-publish","format-standard","hentry","category-whistleblowers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC\u2019s Office of the Whistleblower In Early Phase of Evaluating Reward Claims &#8212; Investor Lawyers Blog &#8212; March 23, 2012<\/title>\n<meta name=\"description\" content=\"Securities and Exchange Commission&#039;s Office of the Whistleblower Chief Sean McKessy says that the preliminary stage for processing claims stemming from &#8212; March 23, 2012\" \/>\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\/secs-office-of-the-whistleblow-2\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC\u2019s Office of the Whistleblower In Early Phase of Evaluating Reward Claims &#8212; 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