SEC Issues a $4 Million Whistleblower Award

Posted on September 29th, 2016 at 9:16 AM
SEC Issues a $4 Million Whistleblower Award

From the Desk of Jim Eccleston at Eccleston Law LLC:

Since its inception in 2011, the SEC’s whistleblower program has awarded more than $111 million to 34 whistleblowers.

Recently, the SEC awarded more than $4 million to a whistleblower whose original information alerted the agency to a fraud.

The whistleblowing process requires diligence and follow through. The SEC requires unique and useful information that leads to a successful enforcement action.  Whistleblower awards likely range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.  The monetary award given to whistleblowers comes from the investor protection fund established by Congress and money has never been taken or withheld from harmed investors to pay whistleblower awards.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, James Eccleston, Eccleston Law LLC, SEC, whistleblower, fraud, enforcement action

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