SEC Awards Maximum 30% Whistleblower Bounty

Source: BrokeandBroker.com

It hasn't even been two years since the Securities and Exchange Commission ("SEC") announced its first Whistleblower Award, but its Office of the Whistleblower ("OWB") has clearly been busy and the announced denials and recommendations of awards are beginning to build.  No -- we don't yet have enough of a track record to permit reliable inferences about too many aspects of the developing process. On the other hand, each new announcement provides a bit more data for the statistical analyses and a bit more fodder for inference. Today's BrokeAndBroker Blog discusses the most recent Order of payment of a Whistleblower Award.Getting The MaxOn April 7, 2014, the SEC's Claims Review Staff (“CRS”) issued a Preliminary Determination related to a Notice of Covered Action ("No...
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