{"id":5987,"date":"2016-05-27T00:00:00","date_gmt":"2016-05-27T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2016\/05\/sec_issues_more_whistleblower"},"modified":"2022-05-18T14:56:41","modified_gmt":"2022-05-18T19:56:41","slug":"sec-issues-more-whistleblower","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-issues-more-whistleblower\/","title":{"rendered":"SEC Issues More Whistleblower Awards"},"content":{"rendered":"

The Securities and Exchange Commission has awarded new whistleblower awards to individuals who have come forward with original and helpful information that have allowed the government to pursue significant securities cases against offenders. By law, a whistleblower is entitled to 10-30% of money garnered when a monetary sanction obtained exceeds $1.<\/p>\n

Last week, the SEC announced that it would award between $5M-$6M to an ex-company insider who provided information about his employer\u2019s securities violations. The SEC said that the offenses would have been nearly impossible to identify had it not been for the tip. More specifics about the case were not provided in part to protect the whistleblower\u2019s identity.<\/p>\n

The award is the third highest that the Commission has issued to a whistleblower since the whistleblower program when into effect in 2011. The two larger whistleblower awards include one of over $30M in 2014 and another of more than $14M in 2013.<\/p>\n

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

The Securities and Exchange Commission has awarded new whistleblower awards to individuals who have come forward with original and helpful information that have allowed the government to pursue significant securities cases against offenders. By law, a whistleblower is entitled to 10-30% of money garnered when a monetary sanction obtained exceeds $1. Last week, the SEC […]<\/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":[3760,3761,3938],"tags":[],"class_list":["post-5987","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-and-exchange-commis","category-whistleblowers"],"yoast_head":"\nSEC Issues More Whistleblower Awards — Investor Lawyers Blog — May 27, 2016<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission has awarded new whistleblower awards to individuals who have come forward with original and helpful information — May 27, 2016\" \/>\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-issues-more-whistleblower\/\" 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