The U.S. Securities and Exchange Commission has issued its sixth whistleblower payment, awarding a tipster $150,000 for helping to stop a scheme that was defrauding investors.
The Oct. 30 payment comes one month after the SEC awarded a record $14 million to another anonymous whistleblower. Lawyers see the payments as a clear sign that the program continues to pick up steam.
"The awards we’ve seen now are just the tip of the iceberg," said Proskauer Rose partner Steven Pearlman, who represents corporate defendants as head of the firm's whistleblower and retaliation practice.
Continue reading "With Sixth Payout, SEC Whistleblower Program Gains Steam" »
Recent Comments