The U.S. Commodity Futures Trading Commission (CFTC) announced on April 4, 2016 that it awarded over $10 million to a whistleblower. This is the largest award made by the CFTC’s Whistleblower Program.
The development serves as an important reminder. Companies are generally aware of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the protections and incentives it provided to whistleblowers, but they perceive Dodd-Frank as an extension of the SEC. This CFT...
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SEC Whistleblowers
$700,000 Awarded To Whistleblower For Detailed Analysis
Washington D.C., Jan. 15, 2016 — The Securities and Exchange Commission today announced a whistleblower award of more than $700,000 to a company outsider who conducted a detailed analysis that led to a successful SEC enforcement action.
“The voluntary submission of high-quality analysis by industry experts can be every bit as valuable as first-hand knowledge of wrongdoing by company insiders,” said Andrew Ceresney, Director of the SEC’s Enforcement Division. “We will continue to leverage a...
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