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Tardy SEC whistleblower earns reduced award – The FCPA Blog

The Securities and Exchange Commission reduced a whistleblower award to $1.5 million Friday because the whistleblower was “culpable” and delayed reporting the misconduct for a year. The whistleblower provided “vital information and ongoing assistance that proved important to the overall success of an enforcement action.” But the SEC said in Friday’s award order (pdf) the […]