SEC makes first whistleblower payout under post-crunch reforms
The US Securities and Exchange Commission (SEC) has made the first payout from its new whistleblower programme under the post-crunch Dodd-Frank reforms, reports Corporate Counsel. The $50,000 (£31,000) payout was made to an unidentified person who helped stop a multimillion-dollar financial fraud. The law prohibits the agency from releasing details that could identify the claimant.
The US Securities and Exchange Commission (SEC) has made the first payout from its new whistleblower programme under the post-crunch Dodd-Frank reforms, reports Corporate Counsel.
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