SEC Issues Largest-Ever Award of $114 Million to Individual Whistleblower
By EsqSocial Corporation 03/11/20
The highest award in the history of the SEC whistleblower program is issued to an employee who repeatedly reported misconduct internally before alerting the SEC. On October 22, 2020, the U.S. Securities and Exchange Commission ("SEC") announced an award of more than $114 million to an individual whistleblower, the largest award made since inception of the whistleblower program in 2012. Enacted pursuant to the Dodd-Frank Act of 2010, the SEC whistleblower program empowers the Commission to...
By: Jones Day