United States:
Sec Announces $4 Million Whistleblower Award
23 September 2016
Cadwalader, Wickersham & Taft LLP
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The SEC announced that it adopted the preliminary determination
related to a "notice of covered action" which awarded
"more than $4 million to a whistleblower whose original
information alerted the agency to a fraud." The SEC reported
that its Whistleblower Program now has awarded more than $111
million to 34 whistleblowers since its 2011 inception.
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