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By Securities Docket on July 31, 2014, 3:47 pm
Today, the SEC announced a whistleblower award that may, for two reasons, resonate with potential tipsters and companies that might be reluctant to take decisive action to look into fraud that is reported internally. via SEC Awards $400,000 to Whistleblower After Company Fails to Address Internal Reports of Fraud | Compliance Week
By Securities Docket on July 31, 2014, 9:48 am
We discuss below what remote tippees, which may involve hedge funds and other investment firms that are often several steps removed from the original source of the information, would need to know for liability to arise. Along the way, we touch on the other elements relevant to liability as well—fraud, duty, breach, and personal benefit. […]