{"id":343,"date":"2012-08-21T23:01:56","date_gmt":"2012-08-21T23:01:56","guid":{"rendered":"http:\/\/www.whistleblowerlawyerblog.com\/2012\/08\/first_sec_whistleblower_award_1.html"},"modified":"2021-06-11T17:43:02","modified_gmt":"2021-06-11T21:43:02","slug":"first_sec_whistleblower_award_1","status":"publish","type":"post","link":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/first_sec_whistleblower_award_1\/","title":{"rendered":"First SEC Whistleblower Award Made Today–Reading the Tea Leaves"},"content":{"rendered":"

This morning’s announcement that the SEC has made its first award to a whistleblower<\/a> under its new SEC Whistleblower Program established by Dodd-Frank leaves some clues about the message the SEC intends to send.<\/p>\n

Speed<\/em>: The SEC wasted no time–the award came barely two years after Dodd-Frank’s passage<\/a>, and a little more than a year after the SEC finalized its SEC whistleblower rules. SEC Office of the Whistleblower Sean McKessy had seemed eager to have the SEC move quickly to utilize whistleblower information, and he upheld his end of the bargain in making a prompt award.<\/p>\n

Modesty of amount<\/em>: The first award was $50,000, which was 30% of the amount collected by the SEC–the maximum percentage permitted. I was surprised that the SEC did not select a larger dollar case for its first award, in order to attract further attention to the program. It may be that this case was the first one mature enough to conclude. If so, I applaud Sean McKessy for simply making the awards as soon as they can reasonably be made.<\/p>\n

Continue reading \u2192<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

This morning’s announcement that the SEC has made its first award to a whistleblower under its new SEC Whistleblower Program established by Dodd-Frank leaves some clues about the message the SEC intends to send. Speed: The SEC wasted no time–the award came barely two years after Dodd-Frank’s passage, and a little more than a year […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-343","post","type-post","status-publish","format-standard","hentry","category-sec-whistleblower-program-cftc-whistleblower-program"],"yoast_head":"\nFirst SEC Whistleblower Award Made Today--Reading the Tea Leaves — Whistleblower Lawyer Blog — August 21, 2012<\/title>\n<meta name=\"description\" content=\"This morning's announcement that the SEC has made its first award to a whistleblower under its new SEC Whistleblower Program established by Dodd-Frank — August 21, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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