The Securities and Exchange Commission said Thursday it received more than 3,000 tips in the past fiscal year. The SEC said the tips — 3,001 in all — came from all 50 states, Washington, D.C., Puerto Rico and from 49 countries. It announced the findings in a report required by the Dodd-Frank Act on the activity of the SEC’s whistleblower office, which opened its doors in August last year…Under the program created by the Dodd-Frank Act, whistleblowers can receive a 10% to 30% reward if they provide original information that leads to a successful enforcement case netting a penalty of $1 million or more. The SEC issued its first reward under the program on Aug. 21 to an informant who didn’t want to be identified. The whistleblower received $50,000, or 30% of the $150,000 thus far reclaimed out of the multimillion-dollar fraud the person prevented, the SEC said at the time. [WSJ]
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed
- Bonus Watch '14: Congrats On Being An Investment Banker
- Bill Gross Reacts To George Soros's $500 Million Investment Like He's Been Awarded The Presidential Medal Of Freedom
- Bonus Expectations Got You Down? Boss Riding Your Ass? Quit And Support Yourself Via Fantasy Football
- Mathew Martoma Is In Miami
- David Rubenstein Will Have Warren Buffett Know He's Not A Porn Shop Operator
- Goldman Sachs Is Smart
- Steve Cohen Continues To Rid Firm Of Incentives For Employees To...Y'Know...
- Deal Judge: We're Going To Need A New Master of Coin
- Opening Bell: 11.21.14
- Executive Editor
- Bess Levin
How Can We Help You?
- Send tips to:
- For tech issues email:
- For advertising or events email:
- For research or custom solutions email:
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com