{"id":6079,"date":"2016-12-08T19:37:33","date_gmt":"2016-12-09T01:37:33","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1273"},"modified":"2016-12-08T19:37:33","modified_gmt":"2016-12-09T01:37:33","slug":"secs-whistleblower-office-awards-another-3-5m-tipster","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/secs-whistleblower-office-awards-another-3-5m-tipster\/","title":{"rendered":"SEC\u2019s Whistleblower Office Awards Another $3.5M to Tipster\u00a0"},"content":{"rendered":"<p>\t\t\t\tThe U.S. Securities and Exchange Commission has awarded another whistleblower for coming forward with information that has resulted in a successful enforcement action. This time the award amount is $3.5M. This latest award ups the total awarded by the regulator\u2019s whistleblower program to about $135M to 36 individuals since 2012. The award comes a few weeks after the SEC announced it had issued $20M to another whistleblower in a different enforcement case.<\/p>\n<p>The regulator awards individuals, who voluntarily come forward with original and useful information, 10 to 30% of monetary sanctions collected from a successful enforcement action, as long as that sum collected is greater than $1M. \u00a0To date, whistleblower tips have allowed the SEC to bring enforcement actions resulting in over $874M in financial remedies. Because the whistleblower\u2019s anonymity is protected, details about each case that could expose the tipster\u2019s identify are kept confidential.<\/p>\n<p><strong>Whistleblower Retaliation<\/strong><br \/>\nIndividuals who turn whistleblowers are supposed to be protected from retaliation under the Dodd Frank Act. However that isn\u2019t always the case. \u00a0Now, an ex-Vanguard Group employee has filed a lawsuit accusing the firm of firing her because she engaged in whistleblower activity.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/secs-whistleblower-office-awards-another-3-5m-tipster\/#more-6079\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission has awarded another whistleblower for coming forward with information that has resulted in a successful enforcement action. This time the award amount is $3.5M. This latest award ups the total awarded by the regulator\u2019s whistleblower program to about $135M to 36 individuals since 2012. The award comes a few [&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-6079","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 Whistleblower Office Awards Another $3.5M to Tipster\u00a0 &#8212; Investor Lawyers Blog &#8212; December 8, 2016<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission has awarded another whistleblower for coming forward with information that has resulted in a successful &#8212; December 8, 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\/secs-whistleblower-office-awards-another-3-5m-tipster\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC\u2019s Whistleblower Office Awards Another $3.5M to Tipster\u00a0 &#8212; 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