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Is it normal to not even reveal what case this is related to? Or perhaps to early to reveal? Obviously they won’t reveal the whistleblower name.
by indigodaddy 4y ago
Is it normal to not even reveal what case this is related to? Or perhaps to early to reveal? Obviously they won’t reveal the whistleblower name.
- TechBro8615 4y agoSEC whistleblower awards range from 10 to 30 percent of fines collected, so presumably this was in exchange for information about a case that led to collections somewhere in between the range of $920 million to $2.79 billion. Assuming the SEC has already published the successful prosecution of the underlying case, you can probably figure out which one it was. And I bet the total was a nice even multiple of 2.79.
- xmcqdpt2 4y agoThey had a good year, https://www.sec.gov/news/press-release/2022-206 https://www.sec.gov/news/press-release/2022-206 They hit the banks for 1.2B$ for using personal devices to conduct business communications, maybe that's the whistle?
- theGnuMe 4y agoRequires a successful prosecution so probably past tense. My guess is wall street in general.. 16 firms paid 1.1 billion a couple years ago collectively. But it could be someone else.. the SEC took in 6.4 billion in penalties last year. The crypto ones are going to be off the hook if there are any whistleblowers that outed them.