A whistleblower who first tried to report wrongdoing internally got a $400,000 award from the U.S. Securities and Exchange Commission, the agency announced on Thursday.
“The whistleblower did everything feasible to correct the issue internally,” said Sean McKessy, chief of the SEC’s Office of the Whistleblower, in a news release. “When it became apparent that the company would not address the issue, the whistleblower came to the SEC in a final effort to correct the fraud and prevent investors from being harmed.”
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