{"id":6036,"date":"2016-09-17T20:40:52","date_gmt":"2016-09-18T01:40:52","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1082"},"modified":"2022-05-19T08:42:55","modified_gmt":"2022-05-19T13:42:55","slug":"sec-awards-whistleblower-4m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-awards-whistleblower-4m\/","title":{"rendered":"SEC Awards Whistleblower $4M"},"content":{"rendered":"
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The U.S. Securities and Exchange Commission is awarding over $4M to a whistleblower for providing original information that led to a successful fraud case. This is individual is the 34th whistleblower that the SEC\u2019s program has awarded since 2011, upping the total amount granted in such awards to over $111M.<\/span><\/div>\n
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In what was the second biggest award issued by the regulator to date, he SEC awarded $22M to an to an ex- Monsanto Co. financial executive last month. The individual had reported alleged accounting violations involving Roundup, the company\u2019s weed killer. According to media reports, Monsanto offered distributor rebates to raise sales but moved the costs into the following fiscal year. As a result, the company moved up its revenue while postponing the reduction that resulted from the costs.\u00a0<\/span><\/div>\n
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Under the SEC Whistleblower program, individuals who voluntarily give the regulator unique information that leads to a successful enforcement case are entitled to 10-30% of the sanctions collected when that amount is over $1M.\u00a0<\/span>Since the program\u2019s inception five years ago, the Commission has received over 14,000 tips.\u00a0<\/span><\/div>\n
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Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Securities and Exchange Commission is awarding over $4M to a whistleblower for providing original information that led to a successful fraud case. This is individual is the 34th whistleblower that the SEC\u2019s program has awarded since 2011, upping the total amount granted in such awards to over $111M. \u00a0 In what was 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":[3752,3958,3760,3795,3741,3938],"tags":[],"class_list":["post-6036","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-jp-morgan-chase","category-sec-enforcement","category-sec-settlements","category-securities-fraud","category-whistleblowers"],"yoast_head":"\nSEC Awards Whistleblower $4M — Investor Lawyers Blog — September 17, 2016<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission is awarding over $4M to a whistleblower for providing original information that led to a successful fraud — September 17, 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-awards-whistleblower-4m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Awards Whistleblower $4M — Investor Lawyers Blog — September 17, 2016\" \/>\n<meta name=\"twitter:description\" content=\"The U.S. Securities and Exchange Commission is awarding over $4M to a whistleblower for providing original information that led to a successful fraud — September 17, 2016\" \/>\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 Awards 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