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3 unusual facts about SEC Office of the Whistleblower


SEC Office of the Whistleblower

The U.S. Securities and Exchange Commission had an established Bounty (reward) program for more than 20 years that was designed to reward whistleblowers for insider trading tips and complaints, an Office of the Inspector General's 2013 report found there were very few payments made under the program and the Commission received very few applications from individuals seeking a bounty.

In the Office of the Inspector General Evaluation of the Securities and Exchange Commission's Whistleblower Program, Jan, 18 2013 the program was outlined by the Inspector General providing some insight into it inner workings.

This, "220 million dollar PONZI Scheme", run by a father and son team Allen and Wendell Jacobson had a final judgment entered on December 18, 2012, signed by U.S Federal Judge Bruce Sterling Jenkins.



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