SEC plans to hand out whopping $30 million whistleblower award
September 23, 2014 by Melanie Waddell
The Securities and Exchange Commission announced Monday that it expects to award a whistleblower more than $30 million for providing key original information that led to a successful SEC enforcement action.
The award will be the largest made by the SEC’s whistleblower program to date and the fourth award to a whistleblower living in a foreign country.
The second highest SEC whistleblower award of $14 million was announced last October, while the agency announced in late August that it had awarded more than $300,000 to an employee who performed audit and compliance functions. Click here to read…