ARTICLE
19 April 2018

SEC Awards Over $2.1 Million To Whistleblower

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The SEC awarded more than $2.1 million to a whistleblower who provided information that resulted in "multiple successful enforcement actions."
United States Corporate/Commercial Law

The SEC awarded more than $2.1 million to a whistleblower who provided information that resulted in "multiple successful enforcement actions."

The former insider was credited for providing the initial tips as well as support during the ensuing investigation. In issuing the award, however, the SEC took into account what it called an "unreasonabl[e]" delay by the whistleblower before reporting the misconduct.

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