Do's And Don'ts For Lucrative SEC Whistleblower Tips
Law360, New York (September 26, 2014, 2:43 PM EDT) -- The U.S. Securities and Exchange Commission's recent announcement that it planned to award more than $30 million to a whistleblower will likely encourage a flood of tips to the agency. Attorneys gave Law360 a list of do's and don'ts for submitting tips that capture the SEC's attention and maximize the chances of an eye-popping payday.
The award announced Sept. 22 will go to an unnamed foreign national and range from $30 million to $35 million, supplanting a $14 million award from 2013 as the largest payout ever under the whistleblower program Congress directed the SEC to establish in the Dodd-Frank Wall Street Reform...
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