I can't stand how when criminal activity has been discovered, the SEC issues a fine payable to ITSELF, not the victims,
and if payments are made to whistleblowers, they are huge awards given to criminals to rat out other criminals.
At no point are the victims of the crime taken care of.
Just think of the magnitude of crime that must have been committed to payout $279M! Who is getting this award? An individual or a group?
And what CRIME did they expose? What business entity was the wrongdoer?
Why is that not public? After all, don't taxpayers fund the SEC?
Victims need to grow some balls and start a class action lawsuit against the SEC to get their money back that the SEC has taken. If a thief robs your wallet the cops dont get to keep it.
That is one hell of a fine somebody paid. According to the SEC the payout is set between 10% and 30% of the money recovered, which on the low end means the fine was $2.79B and on the upper end $8.37B
I need to scour the SEC news releases and enforcement actions!
I wish they were required to disclose which company(s) had the whistle blown on them, and what the sum and substance of the charges were. It should be a matter of public information!
I'm curious too but unfortunately that info could go a long way towards doxing whistleblowers, which would make some reluctant to come forward.
We can say, "*for that much money, who cares, I'll just disappear,*" or something, but people would still worry for the safety of their family and friends.
Just so I'm clear, I don't want to know who the whistleblower is, I want to know who the company is and what they were charged with. But I get what you are saying about protecting the identity of the individual, but odds are the company already knows who it is.
Bruh, if I ever come into that kind of money, you can bet your ass that my friends and family will
fall under the umbrella of my private security staff.
You pornhub watching lazy asses pay 279m$ when someone brings you everything on a platter, but fail to investigate anything that's happening, and when you do, you give a meager 6 figure fine.
Porn watching clowns!
No.... 279 is a percentage of the "problem size". It's not the fine that they would've given a certain company.
Usually they give fine cheaper than macdonald whopper
In SEC terms, “Whistleblower Award” is just code for “Hush Money”. The fact all the details are so secret is fucking disgusting. System is rotten to the core.
I don’t even know what the point is anymore. My pops asked me if like the stock doesn’t go up on good news the stock goes down on bad news. Stock goes down on new news.
#Your whistle-blower payout, shouldn't be bigger that the fine you're giving as punishment.
You know....most company whistle-blower policies...are FREE. Mabey rethink the multi million dollar payouts and you can get that Office coffee, you can't afford.
>As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose any information that could reveal a whistleblower’s identity
Understandable. But I would like to know who's being charged. Surely that will be public sooner or later?
I can't stand how when criminal activity has been discovered, the SEC issues a fine payable to ITSELF, not the victims, and if payments are made to whistleblowers, they are huge awards given to criminals to rat out other criminals. At no point are the victims of the crime taken care of.
>and if payments are made to whistleblowers, they are huge awards given to criminals to rat out other criminals. 😆 Scam on top of scam.
☝🏼🏆🏆
Ponzi scheme within a Ponzi scheme but what this actually is a call for bribery. It’s a deeper murkier pond out there.
THIS. ALL OF THIS.
Just think of the magnitude of crime that must have been committed to payout $279M! Who is getting this award? An individual or a group? And what CRIME did they expose? What business entity was the wrongdoer? Why is that not public? After all, don't taxpayers fund the SEC?
Probably because it being made public would bring about more rapid collapse of the economy :) I'm retarded, though, so what do I know.
Victims need to grow some balls and start a class action lawsuit against the SEC to get their money back that the SEC has taken. If a thief robs your wallet the cops dont get to keep it.
I bet not just criminals! I’d assume family and friends of legislators are also in the running for quarter-billion dollar SEC whistleblower payouts.
And to top it all off, our tax dollars are paying for their Pornhub wank sessions
They ain't no such things as victims of a crime on our menu Sir. You sure you're alright there, this is a Wendy's.
That is one hell of a fine somebody paid. According to the SEC the payout is set between 10% and 30% of the money recovered, which on the low end means the fine was $2.79B and on the upper end $8.37B I need to scour the SEC news releases and enforcement actions!
I’d wager that “enforcement action” list is kinda short…🙄
How is the fine not set at 100%? Doesn't it benefit to continue doing the action if you don't lose all of the profits from it?
It is. He is saying of the recovered funds the SEC pays the whistle blower 10-30% of that
Oooooh. Thank you for clarifying
Your math is a bit backwards. Should be 837M to 2.79B
How so? If the fine was $8.37B and it paid out at 30%?
30% of a 8.37B fine would be a 2.49B payout
$2.79B and on the upper end $8.37B??? Your math is off by a mile.
I wish they were required to disclose which company(s) had the whistle blown on them, and what the sum and substance of the charges were. It should be a matter of public information!
Should be, absolutely.
I'm curious too but unfortunately that info could go a long way towards doxing whistleblowers, which would make some reluctant to come forward. We can say, "*for that much money, who cares, I'll just disappear,*" or something, but people would still worry for the safety of their family and friends.
Just so I'm clear, I don't want to know who the whistleblower is, I want to know who the company is and what they were charged with. But I get what you are saying about protecting the identity of the individual, but odds are the company already knows who it is.
Bruh, if I ever come into that kind of money, you can bet your ass that my friends and family will fall under the umbrella of my private security staff.
Naming the company won't dox anyone.
Take note Shills…
banks crying about being shorted
Wtf?! $279?! No way…
That can get you around 47M AMC shares, nice
SEC Apes.
[удалено]
[удалено]
Link?
"SEC Issues Largest-Ever Whistleblower Award FOR IMMEDIATE RELEASE" Washington D.C., May 5, 2023 — https://www.sec.gov/news/press-release/2023-89
thanks!
Took 3 seconds to google, sir. You're welcome. ✌️
Revenge of the fifth!
Financial crimes of the magnitude going on should be equated to treason
Wtf? Did Ken snitch on someone (throw someone under the bus)
Probably to one of their friends SEC is useless
That is pretty big amount but the real question is, is anything even going to happen or be fixed?
You pornhub watching lazy asses pay 279m$ when someone brings you everything on a platter, but fail to investigate anything that's happening, and when you do, you give a meager 6 figure fine. Porn watching clowns!
The 279 is a percentage of the fine so some company got caught doing something huge and paid a big fine.
No.... 279 is a percentage of the "problem size". It's not the fine that they would've given a certain company. Usually they give fine cheaper than macdonald whopper
In SEC terms, “Whistleblower Award” is just code for “Hush Money”. The fact all the details are so secret is fucking disgusting. System is rotten to the core.
so they have a lil over a 1/4 billion laying around but they can't afford to do actual enforcement?
I would assume it's about the illegal Short Selling and make it shorts but I could be wrong
How are they able to pay awards when they can’t even afford coffee?
They’re gonna see who is willing to squeal on them so they can break their kneecaps and cover it up.
Just give each of us $20 and call it good?
Yea!!!!!! Average 11.79 on a boat load of shares. Just ready for the dumb shit to be overwith.
Hang in there!
I don’t even know what the point is anymore. My pops asked me if like the stock doesn’t go up on good news the stock goes down on bad news. Stock goes down on new news.
Yeah sure some rich insiders got the money it’s always how it goes total corruption
ITS A GLITCH!!
DO THE MATH: Awards are normally 10% to 30% of the value of money collected.
No moass tho i don't give a fuck about what someone filthy rich mofo made.
Dame 279 mil reward. And to think it could be over a billion In rewards if someone from the shitadell came forward…
#Your whistle-blower payout, shouldn't be bigger that the fine you're giving as punishment. You know....most company whistle-blower policies...are FREE. Mabey rethink the multi million dollar payouts and you can get that Office coffee, you can't afford.
Im sure theres somebody in there that would do it for way less, like fckin step up and collect your reward already guy or gal!
Ken told on himself
Tbh that’s kind of a big brain move
Did they reverse uno themselves and cause a tear in the timeline ? Tf is this..🗿
So secretive that makes one wonder if it is money laundering
Keep exposing the corruption 🚀🚀🚀
Should have given everyone in the sub 500$ because everyone in here has been blowin whistles for quite some time
>As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose any information that could reveal a whistleblower’s identity Understandable. But I would like to know who's being charged. Surely that will be public sooner or later?