SEC sees surge in fraud tips

Speculation mounted for weeks about what effects the whistleblower bounty in the recently passed financial reform act would have. Well, now, ABC and the Wall Street Journal both say the Securities and Exchange Commission has seen a surge in fraud tips. Under the new laws, whistleblowers who provide “original information” about large frauds could net as much as 30 percent of penalties collected by the SEC. || Previously on Sharesleuth

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>