- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2024-07-29T17:07:00
The Securities and Exchange Commission (SEC) announced its second $37 million whistleblower award in as many weeks with four claimants vying for the payout, but only one reaping the benefits.
The SEC, who keeps the identity of whistleblowers anonymous, said in a press release Friday that the whistleblower reported misconduct internally, which prompted the company to conduct an internal investigation, eventually leading to the company notifying the agency of its findings.
Additionally, the agency acknowledged the whistleblower was retaliated against by their supervisors and other senior employees, “including receiving a negative performance review and a sharply lower bonus than the previous year, despite meeting the performance goals the firm had set,” the SEC said in its order.
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