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SEC's $22 million award to whistleblower pushes program's total over $100 million

Bruce Carton | August 30, 2016

Sean McKessy, the long-time Chief of the SEC's Office of the Whistleblower, left the agency last month but the program is on solid footing and has been cranking out major awards all summer. Today, the program announced another milestone award of more than $22 million to a whistleblower -- the second-largest award ever issued by the SEC. In a statement, Jane Norberg, Acting Chief of the Office of the Whistleblower, confirmed that the whistleblower was an employee of the company that committed the securities fraud at issue, and that the employee's "behind-the-scenes" information allowed the SEC to discover a fraud that otherwise would have been extremely difficult for law enforcement to identify. 

In a separate statement, the SEC...

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