Sec Whistleblower Program News Today

But first lets get you up to speed on other stories. Joe was talking about apple. It has been a rough ten weeks for the most valuable u. S. Company. Shares tumbling more than 6 yesterday shedding 35 billion of market value. Among the reasons cited by analysts, a forecast by an Influential Research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. There were also unconfirmed reports that at least one major stock Clearing House was raising...

You might not see yourself being played by Julia Roberts in the next Erin Brockovich–but you just might see something the world needs to know.

This award is more than double the largest award in the amount of $114 million, which was issued in October 2020. To date, the SEC has awarded more than $1.5 billion to whistleblowers since the inception of its whistleblower program in 2011.

Securities and Exchange Commission issued 1.9 million whistleblower award. Agency granted award to individual whose whistleblower disclosure contributed to successful enforcement action. SEC monetary awards for voluntarily original information leads to successful enforcement

The SEC awarded 1 million to whistleblower whose disclosure led to opening an investigation culminating in successful enforcement action. SEC Whistleblower Program monetary awards to individuals who provide original information leading to a successful enforcement action.

SEC granted whistleblower awards to whistleblowers who provided information that contributed to success of enforcement action. One whistleblower received 9 million the second received 3 million. SEC Whistleblower Program rewards original information that leads to enforcement

Congress included Anti Money Laundering Whistleblower Improvement Act in omnibus budget presented to President Biden who signed Act into law. Improvement Act contained key amendments to Anti Money Laundering Act aligning program with successful federal whistleblower programs

While crypto scams and frauds have taken spotlight, companies are still using accounting fraud to cook the books. A new study estimates that in an average year 41% of publicly traded companies misrepresent their financial report, one-third corporate frauds come to light.

Securities and Exchange Commission SEC issued $3 million whistleblower award to individual who voluntarily provided original information that led to a successful SEC enforcement action. Qualified whistleblowers entitled to monetary awards of 10-30% of funds collected by SEC.

Professor Alexander I. Platt at the University of Kansas School of Law draft of forthcoming paper Securities and Exchange Commission lack of transparency in whistleblower program, Going Darker: The SEC Whistleblower Program's FY 2022 Report Is The Least Transparent In Agency History.