{"id":6104,"date":"2017-01-25T12:59:24","date_gmt":"2017-01-25T18:59:24","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1401"},"modified":"2022-05-19T08:56:50","modified_gmt":"2022-05-19T13:56:50","slug":"sec-issues-7m-whistleblower-award","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-issues-7m-whistleblower-award\/","title":{"rendered":"SEC Issues $7M Whistleblower Award"},"content":{"rendered":"

The US Securities and Exchange Commission is awarding $7M, to be split between the three whistleblowers who helped the regulator go after an investment scam. This latest whistleblower award, the second issued this year, ups the collective total that the SEC has granted to 41 whistleblowers to $149M.<\/p>\n

Of the $7M, about $4M will go to the whistleblower who gave the SEC information that helped start the regulator\u2019s investigation. The other two whistleblowers, who provided additional new information during the probe, will split the $3M.<\/p>\n

To date, SEC enforcement actions<\/a> resulting from whistleblower tips have led to over $935M in financial remedies. Whistleblowers who provide the tips that lead to successful enforcement actions resulting in at least a $1M remedy are eligible to receive 10-30% of the money collected. Because the SEC is committed to protecting the identity and confidentiality of whistleblowers, details from these enforcement cases that could reveal their identities are kept confidential.<\/p>\n

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

The US Securities and Exchange Commission is awarding $7M, to be split between the three whistleblowers who helped the regulator go after an investment scam. This latest whistleblower award, the second issued this year, ups the collective total that the SEC has granted to 41 whistleblowers to $149M. Of the $7M, about $4M will go […]<\/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":[3760,3795,3761,3938],"tags":[],"class_list":["post-6104","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-sec-settlements","category-securities-and-exchange-commis","category-whistleblowers"],"yoast_head":"\nSEC Issues $7M Whistleblower Award — Investor Lawyers Blog — January 25, 2017<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission is awarding $7M, to be split between the three whistleblowers who helped the regulator go after an investment — January 25, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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