PANews reported on April 22 that according to the official website of the U.S. Securities and Exchange Commission (SEC), the SEC issued a reward of approximately $6 million to joint whistleblowers who provided key information, initiated investigations, and assisted in law enforcement actions. The reward comes from the investor protection fund composed of fines for violations, which is in line with the whistleblower reward mechanism stipulated in the Dodd-Frank Act. The identity of the whistleblower will continue to be protected as confidential.
SEC awards $6 million reward to whistleblower
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