SEC Launches Web Site for Whistleblowers

In August of this year, the Securities and Exchange Commission (SEC) launched a web site for employees to report violations of securities laws, and if a submissions leads to enforcement by the SEC, the submitter can earn 10 – 30 percent of any fraud recovery or monetary sanctions of over $1 million..
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In addition, the SEC will publish a list of 170 enforcement actions taken in the past year, and any whistleblowers involved in those cases can claim their rewards through the site.

Rewards can be substantial. For example: in July 2010, the SEC forced Goldman Sachs to pay $550 million for misleading investors about a subprime mortgage collateralized debt obligation they marketed.

(via Aarti Maharaj at Corporate Secretary magazine)

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