{"id":7150,"date":"2019-05-29T16:19:00","date_gmt":"2019-05-29T21:19:00","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=7150"},"modified":"2019-05-29T16:19:00","modified_gmt":"2019-05-29T21:19:00","slug":"sec-announces-4-5m-whistleblower-award","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/","title":{"rendered":"SEC Announces $4.5M Whistleblower Award"},"content":{"rendered":"<p>\t\t\t\tIn a <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">Securities and Exchange Commission (SEC) <\/a>whistleblower case that resulted in a company probe and two successful enforcement actions, the regulator has awarded $4.5M to the individual who stepped forward to provide the key information. This person is the 62nd one to receive an SEC whistleblower award since the Commission began granting them in 2012.<\/p>\n<p>According to the regulator, the whistleblower provided an anonymous tip internally to the company about the alleged wrongdoing, as well as a similar tip to the SEC within 120 days. The information compelled the company to conduct its probe into the misconduct allegations and then report them to the Commission and to a second agency. After the company concluded its investigation, it notified both agencies of the outcome.<\/p>\n<p>While the SEC didn\u2019t provide specifics about the<a href=\"https:\/\/www.sec.gov\/news\/press-release\/2019-76\" target=\"_blank\" rel=\"noopener noreferrer\"> whistleblower case<\/a>\u2014it refrains from doing so in order to protect the confidentiality of any informants\/claimants\u2014<em><a href=\"https:\/\/www.wsj.com\" target=\"_blank\" rel=\"noopener noreferrer\">The Wall Street Journal<\/a><\/em> identified the claimant as an ex-Brazilian orthopedic surgeon who brought up concerns about an alleged kickback scam run by a subsidiary of Zimmer Biomet Holdings.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/\"  title=\"Continue Reading SEC Announces $4.5M Whistleblower Award\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a Securities and Exchange Commission (SEC) whistleblower case that resulted in a company probe and two successful enforcement actions, the regulator has awarded $4.5M to the individual who stepped forward to provide the key information. This person is the 62nd one to receive an SEC whistleblower award since the Commission began granting them in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6882,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3810,3801,3938],"tags":[3014],"class_list":["post-7150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cftc","category-sec","category-whistleblowers","tag-sec-whistleblower-awards"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Announces $4.5M Whistleblower Award &#8212; Investor Lawyers Blog &#8212; May 29, 2019<\/title>\n<meta name=\"description\" content=\"An SEC whistleblower award case resulted in a company probe and two successful enforcement actions, the regulator has awarded $4.5M to the individual.\" \/>\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-announces-4-5m-whistleblower-award\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Announces $4.5M Whistleblower Award &#8212; Investor Lawyers Blog &#8212; May 29, 2019\" \/>\n<meta name=\"twitter:description\" content=\"An SEC whistleblower award case resulted in a company probe and two successful enforcement actions, the regulator has awarded $4.5M to the individual.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/03\/SEC.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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 Announces $4.5M Whistleblower Award &#8212; Investor Lawyers Blog &#8212; May 29, 2019","description":"An SEC whistleblower award case resulted in a company probe and two successful enforcement actions, the regulator has awarded $4.5M to the individual.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/","twitter_card":"summary_large_image","twitter_title":"SEC Announces $4.5M Whistleblower Award &#8212; Investor Lawyers Blog &#8212; May 29, 2019","twitter_description":"An SEC whistleblower award case resulted in a company probe and two successful enforcement actions, the regulator has awarded $4.5M to the individual.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/03\/SEC.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"SEC Announces $4.5M Whistleblower Award","datePublished":"2019-05-29T21:19:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/"},"wordCount":543,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/03\/SEC.jpg","keywords":["SEC whistleblower awards"],"articleSection":["CFTC","SEC","Whistleblowers"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/","url":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/","name":"SEC Announces $4.5M Whistleblower Award &#8212; Investor Lawyers Blog &#8212; May 29, 2019","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/03\/SEC.jpg","datePublished":"2019-05-29T21:19:00+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"An SEC whistleblower award case resulted in a company probe and two successful enforcement actions, the regulator has awarded $4.5M to the individual.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/03\/SEC.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/03\/SEC.jpg","width":1024,"height":440,"caption":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-announces-4-5m-whistleblower-award\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"SEC Announces $4.5M Whistleblower Award"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/03\/SEC.jpg","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1Rk","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/7150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=7150"}],"version-history":[{"count":0,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/7150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media\/6882"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=7150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=7150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=7150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}