Whistleblower Angered by SEC's Split of $27 Million Award (BrokeAndBroker.com Blog)
Bill Singer
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Bill Singer
A critic of the inept and incompetent, and an advocate for economic and political sanity. It's a lonely journey but I walk it. Wall Street legal, regulatory, and compliance veteran since 1982.
Whistleblower Angered by SEC's Split of $27 Million Award?(BrokeAndBroker.com Blog)
https://www.brokeandbroker.com/6684/johnston-mittman-citi-whistleblower/
Presented in today's blog is a mess that started with a 2010 FINRA Arbitration Award, then moved on to the filing of an SEC whistleblower claim, then got embroiled in a dispute over whether the ensuing $27 million SEC Whistleblower Award should be divided two ways, and then prompted a Petition against the SEC's rendering of the Award. On appeal, the federal circuit court's Opinion stated that the whistleblower presented "an argument so obtuse as to be insulting." Ouch!?