Wall Street Whistleblower Awarded $14 Million
An undisclosed Wall Street whistleblower was just awarded $14 million for information that led to the recovery of millions of dollars in investor funds.
Without the tip, the US Securities and Exchange Commission (SEC) might not have uncovered the Wall Street fraud.
SEC whistlebower monetary awards were made possible by a provision in the Dodd-Frank Act that set up a fund to encourage individuals to step forward with information about financial crimes and regulatory violations. The law also requires that the SEC maintain the confidentiality of the whistleblower.