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Wall Street Rewards to Trigger Surge in Informants

Posted By admin On August 9, 2010 @ 9:38 am In Money Watch | Comments Disabled

Jean Eaglesham and Brooke Masters
CNBC
Aug 9, 2010

New US whistleblowing incentives within the Dodd-Frank financial reform act – that could net informants multimillion dollar pay-outs – are likely to generate a surge in allegations against US-listed companies and Wall Street banks, lawyers say.

The Securities and Exchange Commission is expecting a sharp increase in tip-offs from senior employees and third parties prompted by potential seven-figure bounties.

“The scale of the awards reflects the high quality of whistleblower we hope to get – people within a company, broker or other regulated firm that we might not have heard from before,” Stephen Cohen, an SEC official, told the Financial Times. “We’re expecting a tremendous response.”

The substantive new financial incentives for securities fraud whistleblowers are part of the sweeping Wall Street reforms that became law last month.

Full article here [1]

Having A Supply Of Healthy Foods That Last Just Makes Sense [2]

Wall Street Rewards to Trigger Surge in Informants 150410banner1 [3]


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URLs in this post:

[1] Full article here: http://www.cnbc.com/id/38618575

[2] Having A Supply Of Healthy Foods That Last Just Makes Sense: http://www.efoodsdirect.com//index.html?aid=14&adid=43

[3] Image: http://infowars-shop.stores.yahoo.net/inemnewwoord.html

[4] Wall Street profits from trades with Fed: http://www.prisonplanet.com/wall-street-profits-from-trades-with-fed.html

[5] No change: Wall Street finds loophole in financial reform: http://www.prisonplanet.com/no-change-wall-street-finds-loophole-in-financial-reform.html

[6] Wall Street Puppet Obama Sympathizes With Anti-Wall Street Protests: http://www.prisonplanet.com/wall-street-puppet-obama-sympathizes-with-anti-wall-street-protests.html

[7] Should the Government Control Wall Street?: http://www.prisonplanet.com/should-the-government-control-wall-street.html

[8] Lobbying Firm’s Memo Spells Out Plan to Undermine Occupy Wall Street: http://www.prisonplanet.com/lobbying-firm%e2%80%99s-memo-spells-out-plan-to-undermine-occupy-wall-street.html

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