The SEC announced today that it had made its fist payment to a whistleblower pursuant to the Dodd-Frank Act. Although the SEC has touted this as evidence of the success of the whistleblower program, the $50,000 payment seems relatively small. Apparently, it will increase if the SEC collects additional sanctions. The SEC did not reveal any information about which case generated the award. It is interesting to note that the SEC also announced today that it did not pay an award to a second whistleblower who provided information.
- SEC Charges Microsoft Manager Brian Jorgenson and his Friend Sean Stokke with Insider Trading
- SEC Obtains Emergency Relief against Robert Helms and Janniece Kaelin in Alleged Ponzi Scheme
- SEC Charges Fifth Third Bancorp and its Former CFO Daniel Poston with Fraud for Accounting Practices during the Financial Crisis
- SEC Settles Insider Trading Case against Charles Langston III
- SEC Settles Penny Stock Case Against Curt Kramer for $1.4 Million
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