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Monday, November 21, 2016

SEC Announces $20 Million Whistleblower Award


On November 14, 2016, the United States Securities and Exchange Commission announced an award of at least $20 million to a whistleblower for providing information that initiated a successful investigation and enforcement action. In addressing the award, Jane Norberg, Chief of the SEC's Office of the Whistleblower, stated that, "Sizeable awards like this one should encourage whistleblowers everywhere that there are real financial incentives to promptly reporting potential securities law violation

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