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SEC whistleblower program
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What Have Been the Largest SEC Whistleblower Awards?

The SEC’s whistleblower award program has come a long way since it was first implemented in 2011. The pace at which awards have been given has increased quite a bit since then. Whistleblowers are eligible to receive an award when providing the agency with credible, timely and unique information that leads to a successful enforcement Read More

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What You Need to Know About Filing an SEC Whistleblower Claim

The U.S. Securities and Exchange Commission’s (SEC) whistleblower program gives would-be tipsters an opportunity to earn a significant amount of money for reporting unique and actionable information on fraud and other wrongdoing in their companies or government agencies. Most recently the organization paid out $50 million to a pair of financial whistleblowers, but there have Read More

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Proposed SEC Rule Could Damage Whistleblower Program

The Securities and Exchange Commission (SEC) whistleblower program has been an undeniable success since its launch, leading to millions of dollars’ worth of awards to several dozen whistleblowers in that time. Now, the agency has proposed several amendments to the program that have drawn some controversy, as they could implement limits on the size of Read More

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SEC Awards Whistleblower with $2.2 Million in First ‘Safe Harbor’ Ruling

The U.S. Securities and Exchange Commission (SEC) has announced a new whistleblower award of more than $2.2 million, the first award from the agency to be paid out under the “safe harbor” rule. In the case, a former insider of a company took action in compliance with Exchange Act Rule 21F-4(b)(7). It indicates that if Read More

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Successes Highlighted in SEC Whistleblower Program’s Annual Report

The SEC Office of the Whistleblower recently released its annual report for 2017. The big headline coming from the report is that whistleblower tips have helped the SEC recover nearly $1 billion in monetary sanctions from wrongdoers at agencies and businesses across the nation, including more than $671 million in the disgorgement of illegally received Read More

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Recent Whistleblower Case Shows Potential for Reduction in Monetary Awards

On February 28, the U.S. Securities and Exchange Commission (SEC) awarded a whistleblower 20 percent of the sanctions paid in association with an enforcement action brought forth as a result of unique information provided by that whistleblower. In this case, the SEC clarified that the whistleblower’s own culpability in some of the securities violations at Read More

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SEC Whistleblower Awarded Nearly $4 Million

The U.S. Securities and Exchange Commission (SEC) announced a new whistleblower award in April. This time, the payout was worth nearly $4 million for a whistleblower who provided a valuable tip to the agency, and then assisted with the follow-up investigation. According to the SEC, the whistleblower provided the agency with “detailed and specific information Read More

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What You Should Know About the SEC’s Whistleblower Program

For the past five years, the U.S. Securities and Exchange Commission (SEC) has run a program that offers monetary awards to any individuals who can provide useful information regarding a company’s wrongdoing. If these tips lead to SEC enforcement actions, the whistleblower could earn up to 30 percent of the total sanctions the agency levies Read More

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Was Richard Bowen’s Whistle Stuffed?

Five years have passed since Lehman Brothers’ bankruptcy. Richard M. Bowen III, a former Citigroup executive who blew the whistle on their bad business practices, provided 1000 pages of documents to the Securities and Exchange Commission (SEC) and 28 pages of testimony to the Financial Crisis Inquiry Commission (FCIC). Nevertheless, Bowen’s voice has not been Read More

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  • "Reaching out to Steve Kardell was the best decision I made. His ability to provide immediate insight and direction was very powerful, and a huge relief during a very stressful time period. For anyone struggling with a whistleblower situation, I would highly recommend at least speaking with Steve. After a 10 minute call with him, I had a better understanding of what I was dealing with. Even better, he gave me some immediate hope. In the end Steve did a better job than I thought was possible. Steve was able to get in contact with people in my organization, that I didn’t have access to. Because of his years of experience, he already has contacts in many organizations in Dallas. The entire situation was handled peacefully. I was impressed by his ability to “keep the peace”–rather than creating a battle with the organization. The reason I didn’t reach out to a lawyer initially, was because I thought it would mean an immediate end to any hope of a positive relationship with the company. Steve was able to address my concerns, and in the end I was able to continue to work for them."  -KS

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