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SEC’s whistleblower office on winning roll

Bruce Carton | May 17, 2016
The SEC’s Office of the Whistleblower continued on its recent winning roll today, announcing that it will award between $5 million and $6 million to a former company insider "whose detailed tip led the agency to uncover securities violations that would have been nearly impossible for it to detect but for the whistleblower’s information." Just last week, the agency announced an award to a company employee for more than $3.5 million.
 
The agency didn't provide any further details on the whistleblower, the tip, or the underlying case. In a statement, Andrew Ceresney, Director of the SEC’s Division of Enforcement, noted that “employees are often best positioned to witness wrongdoing. When they report specific and credible tips to us, we will leverage...
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