SEC Dishing Out $300,000 Whistleblower Award to Internal Auditor
For the first time, the Securities and Exchange Commission is rewarding a corporate whistleblower whose actual job it is to blow the whistle on a company’s internal missteps.
The SEC announced that it would provide a whistleblower award of more than $300,000 to a company employee who performed audit and compliance functions. The internal auditor had reported corporate wrongdoing to people within the company, including a supervisor. But when the company took no action on the information within 120 days, the whistleblower reported the same information to the SEC. Read more on CFO.com.