Securities,
Administrative/Regulatory
Jan. 24, 2014
$14 million whistle-blower game changer
In October 2013, the SEC announced the largest whistle-blower award yet since launching its whistle-blower program in 2011.
Thomas A. Zaccaro
Senior Counsel
Hueston Hennigan LLP
Phone: (213) 788-4039
Email: tzaccaro@hueston.com
Boston College Law School
Thomas is a partner in the firm's Litigation Department. He served as regional trial counsel in the SEC's Los Angeles office.
In October 2013, the U.S. Securities and Exchange Commission announced an award of more than $14 million to an anonymous whistle-blower for providing information leading to a successful enforcement action and the recovery of substantial investor funds. The magnitude of the award, and the publicity that is likely to accompany its announcement, will almost certainly result in increased whistle-blowing activity as greater numbers of potential whistle-blowers - including well-compensated exe...
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