SEC gives $13 Million to a Whistleblower

On March 26, the SEC announced that it was going to award $13 million to a whistleblower who assisted in an enforcement action. This whistleblower provided the SEC with very important information which allowed the SEC to target widespread misconduct.

This situation shows how important whistleblowers are to the SEC. This investigation, and other previous investigations, would have never come to resolutions without information from whistleblowers.

This specific information that this whistleblower gave to the SEC hasn’t been released to the public. But, this whistleblower is supposedly a JPMorgan executive.

Silver Law Group and David Chase P.A. routinely represent victims of Wall Street misconduct and have been lead counsel on several cases against various investment banks and small brokerage firms. Our lawyers have filed multiple SEC whistleblower claims and are intimately familiar with SEC rules and procedures to help maximize a recovery.

Silver Law Group is a nationally-recognized securities law firm headquartered in South Florida representing investors worldwide with their claims for losses due to securities and investment fraud. The firm has successfully recovered multi-million dollar awards for its clients through securities arbitration and the courts. To contact Scott L. Silver to discuss your legal matter, call toll-free (800) 975-4345 or e-mail him at SSilver@silverlaw.com.