On October 1, 2013, the SEC announced an award of more than $14 million to a whistleblower. The SEC’s whistleblower program, established by the Dodd-Frank Act, rewards high-quality original information that results in an SEC enforcement action with sanctions exceeding $1 million. Awards can range from 10 percent to 30 percent of the money collected in a case. While the SEC has made several other awards under the whistleblower program, this one is by bar the largest to date.
SEC Awards $14 Million to Whistleblower
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