Whistleblowers seek reward from SEC

Several informants have filed claims under new Dodd-Frank whistleblower provisions

Three whistleblowers who tipped off the Securities and Exchange Commission (SEC) about two banks that may have been overcharging clients for currency trades have filed claims seeking rewards for their assistance.

Under a new program within the Dodd-Frank Act designed to encourage individuals to report possible corporate wrongdoing, whistleblowers can receive monetary awards if their information leads to large enforcement penalties.


Cathleen Flahardy

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