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&lt;p&gt;Didn&#39;t get the bonus you were hoping for? Your firm&#39;s salary freeze going on a decade? Rents rising faster than a helium balloon torn from the wrist of a three-year old boy?&lt;/p&gt;&lt;p&gt;Not to fear, because the SEC&#39;s whistleblower program is here—and could just be your ticket to a life outside of a four-by-four foot cube in a dungeon-like room with no sunlight in sight. As reported by Reuters earlier this week:&lt;/p&gt;&lt;blockquote&gt;An anonymous tipster living abroad will be receiving more than $30 million, in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to incentivize insiders to report wrongdoing … The Securities and Exchange Commission said on Monday that the whistleblower provided crucial information that helped investigators uncover a &quot;difficult to detect&quot; ongoing fraud.&lt;/blockquote&gt;&lt;p&gt;The SEC&#39;s program isn&#39;t a new one. It went into existence not long after the Dodd-Frank bill was enacted in the wake of the most recent financial crisis. Since then, other whistleblowers have cashed in, after providing the SEC with information leading to &quot;an enforcement action with sanctions that exceed $1 million.&quot;&lt;/p&gt;&lt;blockquote&gt;Since the inception of the program in fiscal year 2012, the SEC has awarded more than a dozen whistleblowers. Monday&#39;s $30 million-plus award is more than double the previous record of $14 million, awarded to a whistleblower in 2013.&lt;/blockquote&gt;&lt;p&gt;Note to would-be whistleblowers: You&#39;ll receive 10 to 30 percent of the dollar amount of fraud you uncover. Which means you have to think big when snooping for wrongdoings in your colleagues&#39; drawers and emails. Also note that your identity will be kept top secret by the SEC (but good luck keeping your identity a secret from the press).&lt;/p&gt;&lt;p&gt;As for the aforementioned record-setting whistleblower, in a press release issued by his/her law firm, he/she had this to say: &quot;I was very concerned that investors were being cheated out of millions of dollars and that the company was misleading them about its actions.&quot;&lt;/p&gt;&lt;p&gt;He/she added, &quot;Btw, I quit.&quot;&lt;/p&gt;&lt;p&gt;&lt;em&gt;Follow me &lt;a href=&quot;https://twitter.com/vaultfinance&quot; target=&quot;_blank&quot;&gt;@VaultFinance&lt;/a&gt;.&lt;/em&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Read More:&lt;/strong&gt;&lt;br /&gt;&lt;a href=&quot;http://www.reuters.com/article/2014/09/22/us-sec-whistleblower-idUSKCN0HH2EM20140922&quot; target=&quot;_blank&quot;&gt; U.S. SEC to pay $30 million-plus in largest whistleblower award (Reuters)&lt;/a&gt;&lt;br /&gt;&lt;a href=&quot;/blog/in-the-black-vaults-finance-careers-blog/career-guide-to-insider-trading-chapter-19-taking-the-stand&quot; target=&quot;_blank&quot;&gt; Career Guide to Insider Trading, Chap. 19: Taking the Stand (Vault)&lt;/a&gt;&lt;/p&gt;

Derek Loosvelt

Article

Career Guide to Insider Trading, Chap. 19: Taking the Stand

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