Sometimes the most unusual methods are used to search for information about dishonest companies. Whistleblowers to help find scammers – Who are they?
What does the US regulator pay fees for?
The U.S. Securities and Exchange Commission (SEC) paid $3.5 million in remuneration. and $1 million. Who were the lucky ones and why did the SEC fork out so much? It turns out that as part of the “whistleblower program”, the American regulator received important information about companies that violate the law. Such information helped to bring violators to justice.
Who are these whistleblowers?
In the United States, the involvement of whistleblowers is actively used to search for information about dishonest companies. The main consumers of this service are the Commodity Futures Trading Commission (CFTC) and the SEC. The SEC even has a dedicated whistleblower department. In order for citizens to actively help the SEC and CFTC in the fight against fraudsters, there are generous rewards. Usually, their size ranges from 10% to 30% of the amount that the SEC or CFTC recovered from a dishonest company. For the first time, this practice began in 2011 and a year later the first informant received his money. To date, the work of 36 informants has been successful, the total amount of earnings of which amounted to 135 million dollars.
