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Thursday, October 2, 2014

A Whistleblower First

For the first time the Securities and Exchange Commission made an award to a whistleblower performing a compliance and audit function within a public company after the company failed to take action on the individual's internal report to the company within 120 days. Information on the award is scant because, by law, the SEC must protect the confidentiality of whistleblowers and cannot disclose any information that might directly or indirectly reveal a whistleblower's identity.



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