A compliance officer at an unnamed firm received an award of more than $1 million for providing the U.S. Securities and Exchange Commission (SEC) insider tips about fraudulent practices and other misconduct that led to a successful enforcement action, the agency said. According to the SEC’s Office of the Whistleblower, the compliance officer stepped forward with tips in an effort to prevent “imminent misconduct” from causing substantial financial harm to the company and its investors. Protecting whistleblowers can be tricky when the tips come from professionals whose job it is to monitor corporate activity for compliance with federal rules and ... Read More
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