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SEC awards millions to whistleblower
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Corporate Governance
Tuesday, December 6, 2016
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The Securities and Exchange Commission (SEC) recently awarded a whistleblower roughly $3.5 million for coming forward with information that led to an SEC enforcement action.
Whistleblowers may be eligible for an award when they voluntarily provide the SEC with unique and useful information that leads to a successful enforcement action. Such awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million. Read on to learn more.
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