PPP KINGDOM

PPP KINGDOM

SEC WHISTLEBLOWER COMPENSATION

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http://www.bankingandfinancelawreport.com/2011/07/articles/corporate-governance/sec-whistleblower-rules/#axzz1ShlwiVxr

Successful whistleblowers can receive an award of between 10 and 30% of the total monetary sanctions collected.

Just because the SEC can award a whistle blower 30% of the sanctioned amount doesn’t necessarily mean that it is guaranteed. The SEC may chose to award more money based on the significance of the information provided by the whistleblower, the assistance provided by the whistleblower, law enforcement interest in the matter, and the whistleblower’s participation in internal compliance systems. Or the SEC may decrease the amount of a whistleblower’s reward, based on the whistleblower’s culpability, an unreasonable reporting delay, and the whistleblower’s interference with internal compliance and reporting systems.

Best Regards,

FINANCIAL WARRIOR

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