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SEC Pays $50,000 in First Whistleblower Award

The Securities and Exchange Commission has paid its first award under a new program designed to spur people to tip off the regulator to large frauds.

 

Divided SEC approves whistleblower rule

A divided Securities and Exchange Commission approved a new program that would compensate whistleblowers whose tips lead to sanctions of over $1 million.

 

Companies Assail Whistleblower Bounties

More than 260 firms warned the SEC in a letter that plans to pay bounties will undermine internal compliance programs and turn financial fraud into a "gold mine" for employees.

 

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