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$17M Awarded to Financial Services Sector Whistleblower


Washington, DC: The US Securities and Exchange Commission (SEC) has, this week, awarded a $17 million bounty to a former employee in the financial services industry, who will remain anonymous, as part of its whistleblower program.

The award is the second-largest issued by the SEC since its whistleblower program began nearly five years ago. The SEC issued a $30 million award in September 2014 and a $14 million award in October 2013.

By law, the SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower' identity.

The SEC' whistleblower program has now awarded more than $85 million to 32 whistleblowers since the program' inception in 2011.

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Published on Jun-10-16

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