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SEC Announces Record Whistleblower Award Of Over $30 Million

By Jackson Lewis P.C. on September 25, 2014
Posted in Dodd-Frank, SEC, Whistleblower

On September 22, 2014 the Securities & Exchange Commission (SEC) announced that it would pay a Dodd-Frank Act (DFA) whistleblower award of $30 to $35 million to an anonymous foreign tipster. DFA authorizes awards of 10% to 30% of the SEC’s recovery if the tip leads to an SEC enforcement action with sanctions exceeding $1…

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