On Friday morning, the SEC will unveil a new website — one that explains how people can potentially make millions of dollars by turning in corporate wrongdoing, according to CNBC.
It’s part of the new Office of the Whistleblower, which is officially open for business under rules that come into effect Friday. The unit was designed by the Dodd-Frank Wall Street reform law to uncover the next Bernie Madoff before he or she can do too much damage.
For the first time, SEC whistleblowers will be eligible for massive bounties for tips on corporate and Wall Street fraud. People who bring in reliable new information about frauds of $1 million or more will be eligible for payouts of between ten and 30 percent of the amount recovered….
Read all about it at http://www.cnbc.com/id/44113139
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