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This is FCPA Whistleblower clipart.On December 5, 2017, the U.S. Securities and Exchange Commission (SEC) issued an order granting a reward of $4.1 million to a foreign national who was working outside of the U.S. At this time, the $4.1 million payout to this international whistleblower is the latest Dodd-Frank reward authorized by the SEC. The SEC emphasized that the foreign whistleblower would have received even more money if he or she had reported the violations sooner.

The lesson learned from this Dodd-Frank reward is that whistleblowers and in particular foreign whistleblowers should report their companies’ securities violations as soon as possible. The failure to report promptly may have cost this particular foreign whistleblower millions of dollars.

 

Andy Rickman is an SEC whistleblower attorney who has filed FCPA reward submissions for international clients residing in more than 50 different countries. He is based in Washington, DC where Dodd-Frank reward submissions are filed and the SEC is headquartered. Mr. Rickman offers a free consultation to anyone who would like to discuss whether he or she has a Dodd-Frank reward eligible case. Please feel free to contact him at arickman@rickmanlegal.com.