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Whistleblowers Still Acting Like The SEC Cares

These people are not taking a hint.
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The Securities and Exchange Commission has made it abundantly clear that, if given the choice between getting whistleblower claims—and having to process them and think about them and deal with them and then maybe bring a case based on them and possibly cut a check for the information received in them—and, say, not, they’d happily take the latter. Well, the whistleblowers are either not taking the fairly obvious hints, or are trying to get in under the wire before the SEC is allowed to stop paying them.

The SEC, which established the program in 2011 as part of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, awarded more than $168 million to 13 individuals in the last fiscal year, which ended Sept. 30…. Before this past year, the agency had awarded a total of $158 million to 46 individuals who brought in information and cooperated with the regulator.

The Office of the Whistleblower also received 5,282 whistleblower tips during the year—the most in a single year and about 18% more than in 2017. Tips came from individuals in 72 foreign countries and the U.S.

SEC Whistleblower Program Has Record-Breaking Year [WSJ]


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If The SEC Wants Whistleblowers To Leave It Alone, It’s Gonna Have To Do Better Than This

These eight-figure checks don’t send the message, “we don’t care.”

Enjoy!! By The original uploader was Hephaestos at English Wikipedia (Transferred from en.wikipedia to Commons.) [Public domain], via Wikimedia Commons

SEC To Offer Whistleblowers A Shiny Nickel

It’s also considering a proposal to give $100 gift cards to those who keep their mouths shut and the regulator’s afternoons free.

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SEC Turns Previously-Shunned Whistleblower Program Into Handy Economic Stimulus

Jay Clayton & co. have injected $64 million and counting into the economy.

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So Maybe The SEC Does Need Whistleblowers’ Help?

One soon-to-be-defunct hedge fund was doing all sorts of allegedly improper accounting while the regulator watched.