SEC awards nearly $4 million to whistleblower LeapRate

ASIC applauds the enactment of stronger whistleblowing laws

April 26, 2017 BY Valentina Kirilova

SEC awards nearly $4 million to whistleblower

The Securities and Exchange Commission (SEC) announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge and expertise. Not only did this whistleblower step forward and report suspicious conduct, but continued to…

August 12, 2016 BY LeapRate Staff

Alpari alum and current Divisa exec Ryan Gagne in line for $45 million Whistleblower award

The Wall Street Journal is reporting that the SEC's fine $382 million to State Street Corp (NYSE:STT) for applying hidden markups to FX trades in mutual funds, and overcharging other clients in FX trades, will result in record Whitleblower rewards being paid out. And one of the recipients of the largest-ever whistleblower award is a face…

March 08, 2016 BY LeapRate Staff

SEC hands out one of its largest whistleblower awards totaling $2 million

SEC whistleblower awards can range from 10%-30% of the money collected when monetary sanctions exceed $1 million.

January 14, 2015 BY Andrew Saks-McLeod

BATS Global Markets fined $14 million by SEC for preferential disclosure to HFT firms

Whistleblower Haim Bodek prompted a complaint by the SEC in 2011 which has culminated this week in a $14 million fine having been issued to two exchanges formerly owned by Direct Edge Holdings, and since acquired by BATS Global Markets

Tag: SEC whistleblower