Latest Whistleblower Award Raises Total Granted to $162M The US Securities and Exchange Commission has awarded a whistleblower over $1M for providing “new information and substantial corroborating documentation” that allowed the regulator to bring a successful enforcement action. The securities violation involved a registered entity and had affected retail investors.…
The US Securities and Exchange Commission has announced two whistleblower awards this week. The first is almost $2.5M to an employee of a US government agency whose tip helped instigate the regulator’s probe into the alleged misconduct. This individual provided additional help that allowed the SEC to “address” the issue…
Barclays Must Pay Back Sales Charges, Advisory Fees The US Securities and Exchange Commission announced that Barclays Capital (BARC) has settled securities charges accusing the firm of overbilling clients. As part of the resolution, which includes paying over $97M, Barclays must pay back advisory fees and mutual fund sales charges…
The US Securities and Exchange Commission has awarded almost $4M to an individual who gave the regulator specific details regarding “serious misconduct” and provided help, including “specialized” expertise and knowledge, during the agency’s probe into the allegations. In its release announcing the award, the SEC did not provided more details…
The US Securities and Exchange Commission is awarding $7M, to be split between the three whistleblowers who helped the regulator go after an investment scam. This latest whistleblower award, the second issued this year, ups the collective total that the SEC has granted to 41 whistleblowers to $149M. Of the…
The US Securities and Exchange Commission has announced that BlackRock Inc. (BLK) will pay $340K to settle civil charges accusing the New York-based asset manager of improperly utilizing separation agreements to get employees leaving the firm to waive their ability to receive an award as a whistleblower. BlackRock consented to…
In its first whistleblower award this year, the Securities and Exchange Commission is awarding a tipster who worked for a company accused of wrongdoing and had gone directly to the agency with what he knew with $5.5M. According to The National Law Journal, This is the first time since the…
The U.S. Securities and Exchange Commission said that it has awarded a whistleblower over $900K for a tip that allowed the regulator to bring multiple enforcement actions. The regulator announced the award just a days after it awarded another whistleblower $3.5M, also for coming forward with information resulting in an…
The U.S. Securities and Exchange Commission has awarded another whistleblower for coming forward with information that has resulted in a successful enforcement action. This time the award amount is $3.5M. This latest award ups the total awarded by the regulator’s whistleblower program to about $135M to 36 individuals since 2012.…
In its third highest award to a tipster since the inception of its whistleblower program, the Securities and Exchange Commission has awarded an individual $20M for coming forward right away to disclose “valuable information” that allowed the regulator to swiftly bring an enforcement action against the wrongdoers before they could…