{"id":38895,"date":"2013-10-31T07:36:08","date_gmt":"2013-10-31T11:36:08","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38895"},"modified":"2013-10-31T07:42:16","modified_gmt":"2013-10-31T11:42:16","slug":"defrauding-investors-whistleblower-awarded-more-than-150000-by-sec","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2013\/defrauding-investors-whistleblower-awarded-more-than-150000-by-sec.html","title":{"rendered":"Defrauding Investors: Whistleblower Awarded More Than $150,000 By SEC"},"content":{"rendered":"

\"The_Office_of_the_Whistleblower(SEC)_Symbol\"<\/a>New York (HedgeCo.Net) – The SEC today awarded more than $150,000 to a whistleblower whose tips helped the agency stop a scheme that was defrauding investors.<\/p>\n

\u201cThis is continued momentum and success for the SEC\u2019s whistleblower program that is bringing our investigators valuable and timely information to stop ongoing frauds before additional investors can be harmed,\u201d said Sean McKessy, chief of the SEC\u2019s Office of the Whistleblower.<\/p>\n

On October second of this year, the SEC awarded more than $14 million <\/a>to a whistleblower whose information led to enforcement action that recovered substantial investor funds.\u00a0The award is the largest made by the SEC\u2019s whistleblower program to date.<\/p>\n

The award recipient, who does not wish to be identified, provided significant information that allowed the SEC to quickly open an investigation and obtain emergency relief before additional investors were harmed.\u00a0 By law, the SEC must protect the confidentiality of whistleblowers and cannot disclose any information that might directly or indirectly reveal an identity.<\/p>\n

The award amount represents 30 percent of the money collected by the SEC in the successful enforcement action, the maximum permitted under the law.<\/p>\n

Alex Akesson
\nEditor for\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – The SEC today awarded more than $150,000 to a whistleblower whose tips helped the agency stop a scheme that was defrauding investors. \u201cThis is continued momentum and success for the SEC\u2019s whistleblower program that is bringing […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,16034,3],"tags":[],"class_list":["post-38895","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-regulation","category-hedge-fund-rulings","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38895"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38895\/revisions"}],"predecessor-version":[{"id":38899,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38895\/revisions\/38899"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}