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“SEC continues to pay out sizeable awards for help from whistleblowers.”

Erika Kelton in Inside Counsel, 5/24/16.

“The recent $3.5 million award is significant because it demonstrates the SEC’s willingness to reconsider its preliminary decisions about whistleblower awards and to credit whistleblowers with more indirect-though still important-contributions to the SEC’s enforcement actions,” Erika A. Kelton, an attorney at Phillips & Cohen, said. “The award makes clear that individuals who provide the SEC with significant information that advances an investigation-not just those whose information is the basis for initiating an investigation-also may receive awards.”

“SEC continues to pay out sizeable awards for help from whistleblowers.”

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