SEC payment signals support of whistleblower program

The Securities and Exchange Commission awards $14 million to whistleblower

The 2010 Dodd-Frank financial reform act was meant to address many of the worst transgressions perpetrated by large financial institutions. The act established many methods of dealing with fraud and corruption but, now, one weapon to deal with fraud may become more of a factor.

To date, the Securities and Exchange Commission (SEC) has only given out three monetary awards to people who blew the whistle on corporate fraud, but the award handed out on Sept. 30 was by far the largest, and may serve as incentive for more individuals to come forward.

Senior Editor and Community Manager

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Rich Steeves

Richard P. Steeves is Senior Editor and Community Manager of InsideCounsel magazine, where he covers the intellectual property and compliance beats. Rich earned a B.A....

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