Individual had tried to address matter internally before turning to the SEC, says regulator
Compensating whistleblowers does not improve the quality of tips coming in, according to British regulators
Hedge fund advisory firm charged over whistleblower retaliation
Eight whistleblowers have received awards since the program’s launch
Claimant has filed almost 200 applications seeking rewards
Unnamed whistleblower will receive approximately US$240,000
Award represents 30% of total funds collected by SEC from a fraud scheme
Program’s goal is the early identification of possible fraud