SEC Whistleblower Nets $700,000, Three Others Left In Cold

One unknown SEC Whistleblower is happy and whistling a song today, while three other whistleblowers, all who had their claims denied, might need to go back to the drawing board and uncover another award worthy activity.

SEC whistleblower receives $700,000 award for Dodd-Frank related case

Last week the U.S. Securities and Exchange Commission issued a “Whistleblower Award Proceeding” in which the agency’s claims review staff ruled on four whistleblower claims for the same chargeable activity.  The highly redacted document showed one claim was reviewed and the staff recommend an award, while three claimants had their potential awards denied. One of the three denied...