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Public-private structure key to whistleblower program's success

Tom Fox | April 19, 2018

The SEC announced yet another whistleblower award last week, this one for $2.1 million to a former company insider whose information led to enforcement actions. This follows the record-setting whistleblower award paid in March of $83 million. 

“The SEC has issued nearly $90 million in whistleblower awards in the past month alone,” noted Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “As these awards demonstrate, we continue to receive high-quality information from whistleblowers, which we use to detect and prosecute securities violations and safeguard investors.” 

To-date, the SEC has awarded more than $266 million to 55 individuals under the Dodd-Frank Whistleblower Program.  The information provided by these reports has led to nearly $1.5 billion in monetary sanctions against recalcitrant organizations. The Dodd-Frank Whistleblower Program has been a rousing success, and it is widely anticipated that many other awards are in the pipeline awaiting...

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