{"id":43401,"date":"2014-08-05T07:31:41","date_gmt":"2014-08-05T11:31:41","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43401"},"modified":"2014-08-05T07:31:41","modified_gmt":"2014-08-05T11:31:41","slug":"sec-doles-out-record-whistleblower-award","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2014\/sec-doles-out-record-whistleblower-award.html","title":{"rendered":"SEC Doles Out Record WhistleBlower Award"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/02\/The_Office_of_the_WhistleblowerSEC_Symbol-300x187.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-40817\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/02\/The_Office_of_the_WhistleblowerSEC_Symbol-300x187.jpg\" alt=\"The_Office_of_the_WhistleblowerSEC_Symbol-300x187\" width=\"182\" height=\"180\" \/><\/a>New York (HedgeCo.Net) &#8211; The SEC has awarded over $400,000 to an un-named whistleblower who reported a fraud to the SEC after the company failed to address the issue internally.<\/p>\n<p>\u201cThe whistleblower did everything feasible to correct the issue internally. When it became apparent that the company would not address the issue, the whistleblower came to the SEC in a final effort to correct the fraud and prevent investors from being harmed,\u201d said Sean McKessy, chief of the SEC\u2019s Office of the Whistleblower. \u201cThis award recognizes the significance of the information that the whistleblower provided us and the balanced efforts made by the whistleblower to protect investors and report the violation internally.\u201d<\/p>\n<p>10 to 30% of the money collected in a case can be awarded to the whistleblower who gives original information that results in an SEC enforcement action with sanctions exceeding $1 million. By law, the SEC must protect the confidentiality of whistleblowers.<\/p>\n<p>This whistleblower provided the agency with specific, timely, and credible information that allowed for a more rapid investigation than otherwise would have been possible. The whistleblower had tried on several occasions and through several mechanisms to have the matter addressed internally at the company.<\/p>\n<p>Alex Akesson<br style=\"color: #000000;\" \/><span style=\"color: #333333;\">Editor for\u00a0<a style=\"color: #743399;\" title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\"><span style=\"color: #333333;\">HedgeCo.net<\/span><\/a><\/span><br style=\"color: #000000;\" \/><span style=\"color: #333333;\"><a style=\"color: #743399;\" href=\"mailto:alex@hedgeco.net\"><span style=\"color: #333333;\">alex@hedgeco.net<\/span><\/a><\/span><br style=\"color: #000000;\" \/><span style=\"color: #333333;\"><a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\"><span style=\"color: #333333;\">HedgeCo.Net<\/span><\/a>\u00a0is a premier\u00a0<a style=\"color: #743399;\" title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\"><span style=\"color: #333333;\">hedge fund database<\/span><\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\"><span style=\"color: #333333;\">HedgeCo.net<\/span><\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\"><span style=\"color: #333333;\">Hedge Funds<\/span><\/a>!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; The SEC has awarded over $400,000 to an un-named whistleblower who reported a fraud to the SEC after the company failed to address the issue internally. \u201cThe whistleblower did everything feasible to correct the issue internally. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,16047],"tags":[],"class_list":["post-43401","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","category-insider-trading-2"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43401","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=43401"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43401\/revisions"}],"predecessor-version":[{"id":43402,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43401\/revisions\/43402"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}