Whistleblower Awarded $500k by SEC
The Securities and Exchange Commission (SEC) rewarded an overseas whistleblower half-million dollars for expeditious reporting that helped the SEC bring a successful enforcement action. Since its inception in 2012, the SEC's whistleblower program has resulted in more than $2 billion in monetary sanctions ordered against wrongdoers and award of approximately $385 million to 65 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. Andersen Sleater Sianni represents whistleblowers before the SEC and in their own lawsuits. Click here to read more about the SEC whistleblower program.