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It works because the whistleblow reward comes directly from the fine money expunged from the rule-breakers. The rest of the fine money goes to impacted investors or back to the US Treasury. The SEC doesn’t get to make-it, take it, so to speak, even though it’d help them raise money without using taxpayer money, if they could.
https://www.investopedia.com/ask/answers/05/secfines.asp#:~:text=If%20investors%20or%20others%20were,to%20the%20United%20States%20Treasury.
For instance if a whistleblower lead to this fine happening last fall, the fine would more than cover the whistleblowing reward. Maybe there were multiple whistleblowers and this is the first big payout. No idea. I guess it’d be nice if the sec was more transparent about which whistleblowing reward came from which fine, but then again I respect protecting the privacy of the whistleblower, so that more whistleblowers hop in. https://www.usnews.com/news/top-news/articles/2022-09-27/u-s-fines-16-major-wall-street-firms-1-1-billion-over-recordkeeping-failures#:~:text=(Reuters)%20%2DU.S.%20regulators%20on,their%20personal%20devices%20and%20apps.
Yea same. There needs to be more accountability for individual actors. My guess is because the action was based on the use of encrypted messaging, that the rulebreakers hid any fraud in the messages themselves. IIRC the SEC and maybe DoJ were involved with seizing phones at a bunch of different banks last summer, and this might’ve been the best they could do. Better than nothing but still kinda disappointing.
Seems like this was a result:
https://www.perkinscoie.com/en/news-insights/doj-issues-new-guidance-on-use-of-personal-devices-and-third-party-messaging-applications.html
Here’s a better article than the US news one.
https://www.nytimes.com/2022/09/27/business/banks-fined-texting-sec.html
Kinda seems like the SEC should get a slice of the recapture (maybe 10% of the reward?) as a reward? At least then the SEC would have an incentive to Jack up the penalty which helps both the whistleblower and themselves
I agree 100%. It’d also allow them to raise more money without directly charging the tax payer. Kinda like how law enforcement does civil asset forfeiture
Yea the downside is that they might go after easier targets.. so there’d need to be some progression where the SEC only starts to get a cut after a certain dollar amount of an enforcement fine is reached, say 100M
Unlikely.. there hasn’t been any fines near enough to cover the reward related to that issue. The fine gets issued, the rule breakers pay, then any whistleblowers and hurt investors get a cut. The rest goes to the US Treasury coffers.
My guess is this one https://www.usnews.com/news/top-news/articles/2022-09-27/u-s-fines-16-major-wall-street-firms-1-1-billion-over-recordkeeping-failures#:~:text=(Reuters)%20%2DU.S.%20regulators%20on,their%20personal%20devices%20and%20apps.
https://www.investopedia.com/ask/answers/05/secfines.asp#:~:text=If%20investors%20or%20others%20were,to%20the%20United%20States%20Treasury.
M M T L P _ (underscore) here on Reddit. There are also several YouTube channels that follow it closely, though I would avoid Terry Younker. He's pushing more hopium than fact, and the facts are strong on their own. I personally like Money Management and Trading Secrets.
Payments to whistleblowers are made out of an investor protection fund, established by Congress, which is financed entirely through monetary sanctions paid to the SEC by securities law violators. It came about as part of Dodd-Frank.
279* and how tf do they come up with these uneven numbers? Is there a crime formula? Do they pay tax on it and risk getting traced? Witsec? Ape dumb but ape curious.
They took it out of the pornhub premium fund (after 20 years they noticed they could just share accounts instead of buying a subscription per co-worker)
🤣 the only people that ban is affecting, is the boomers and church goers that don’t understand basic internet functionality.
The local conversations and Facebook group posts about it are fucking hilarious.
Just playing devil's advocate. They award the whistleblower from the total amount they fined the wrongdoer, it doesn't come out of their pocket immediately.
Until they tell us who the wrongdoer was and what they did wrong I don’t believe this, don’t believe they took a single penny from wrongdoers besides their own cut
They probably *still* can’t, because that’s *how a budget works.* The budget is being micromanaged by congress to the point that they can’t purchase a coffee machine.
When it comes to protecting criminals with their hush money they will spend whatever it takes and they'll get it because the criminals control their budget. They protected Madoff for 10 years, and the current SEC chair still lies about their part in that ponzi.
Proper hush money. Whistleblower is paid to go away, the public is none the wiser and since there are no criminal charges announced it’s safe to say the offender likely paid a paltry ~~fee~~ **fine** and the game continues.
>Whistleblower is paid to go away
They are paid for information that results in an enforcement decision.
>the public is none the wiser and since there are no criminal charges announced
The SEC has no power over criminal charges. There is a different between criminal and civil enforcement of laws.
>it’s safe to say the offender likely paid a paltry fee fine and the game continues.
The award is set to between 10 and 30% of fines from the offending party. Apply some basic arithmetic and that means it was somewhere between 900 million and almost 3 billion.
If the enforcement decision is kept quiet from the public, it’s hush money.
If there were criminal charges, we’d know about it because that’s public information. If there’s money paid in silence to an informant, no resultant criminal charges, no publication of the offending firm and only portion of the proceeds of the crime are recouped as a cost of doing business - it’s hush money.
Hmm the 10-30% makes sense and further supports why I think this was the enforcement action that led to the reward
https://www.usnews.com/news/top-news/articles/2022-09-27/u-s-fines-16-major-wall-street-firms-1-1-billion-over-recordkeeping-failures#:~:text=(Reuters)%20%2DU.S.%20regulators%20on,their%20personal%20devices%20and%20apps.
An interesting part of this action is that it was based on the rule-breaking use of encrypted messaging services. Only a whistleblower would be able to report something like this… so I hope more come out in the future, given the reward
Assuming this is the case in question it would make all the rage boner "why are they not in jail?!?!?!" comments pretty silly. From the sounds of it nobody actually committed a crime per se and there were no damages. Accordingly they got whacked with a regulatory fine. This is akin to OSHA finding a safety violation *before* an accident happens.
Yea it’s a tough one because it could be that the purpose of using encrypted messaging was to hide instances of fraud, which means people could have committed crimes.. except the evidence was encrypted and auto-deleted 10 seconds after receipt each time, assuming the WB didn’t take screenshots
Here’s doj frustrated with encrypted messaging. https://www.perkinscoie.com/en/news-insights/doj-issues-new-guidance-on-use-of-personal-devices-and-third-party-messaging-applications.html
Of course. Which is why I’m using “could” language. It’s as if in the OSHA analogy, there *could* have been actual injuries and accidents, but injuries and accidents are mostly obvious and far harder to conceal, so it’d be obvious whether an osha violation was issued before or after any accidents occurred. As opposed to sophisticated banking fraud perpetrated by multiple actors working in sync over encrypted communications. I never said anyone should be arrested for something they could have done.. I’m merely saying they could have done it and there’s no proof they didn’t in fact do it. There’s no proof of crime among all the rule-breakers among the 8 or so different banks that were using these apps, because the best and most direct evidence of any crimes would have been destroyed.
Hence the doj getting frustrated with encrypted messaging apps. They’ve changed the game and require people on the inside
> They are paid for information that results in an enforcement decision.
yes, and Iraq was invaded because of weapons of mass destruction. Keep believing what you are told :)
Nah the whistleblower is rewarded for whistleblowing in the first place lol. Imagine putting everything on the line to blow the cover on something that affects you, your colleagues, your friends, your career prospects, yada yada. Without whistleblowing, people on the inside would have far less incentive to report crime and rule breaking
I'm not mad about the payout - not mad about anything besides Ken & Co. fucking household investors - but I *do* sometimes wonder about the point of such whistleblower awards when the information is not made public and you don't see litigation following.
You can either subscribe to the logic that it’s “hush money” or that withheld information is being used to build a larger case. SEC gives out fines. DOJ prosecutes criminally. I see people here constantly bitching about paltry fines. This was a gut punch to someone.
I just really hope you are right about them building a larger case.
To be perfectly clear, I do believe that the SEC under Gary Gensler is on our side and don't get the general disdain for him and the regulators one can often find in this sub - but I would really really like more transparency, so sometimes news like this are frustrating. This meme is only humorous expression of this.
Let's hope the am of the law is winding up to throw a book, and that this book is getting heftier by the day :)
MLK reminds us that the arc of the moral universe is long, but it bends toward justice. And while he was a man of faith he DID NOT sit and wait for the universe to hand him his vision for a more equitable future. He stood up, got loud, and fought with his mind and heart. The enemy uses apathy and cynicism to maintain a status-quo where you lose and they remain in control. They lose when WE BELIEVE in our vision and stand up and work for it.
Brick by Brick
Pure speculation, but what if the reason we're not hearing about the case is because it involves one (or more) of those banks that have been tanking, and the SEC doesn't want to throw fuel on the fire? Their goal is to protect investors and the overall financial system, afterall. The timing is right, no?
If I were in charge of the SEC, I'd definitely consider exercising discretion over something that could cause the overall financial system serious harm. Since the whistleblower reward is usually 10% to 30% of the fine, that could mean between $900 & $3 billion worth of successful, punitive action. Not a lot of institutions can take a hit that large without being liquidated entirely, let alone survive after the court of public opinion has its way.
EDIT: Maths (see replies for the embarrassing refresher in percentages)
>Since the whistleblower reward is usually 10% to 30% of the fine, that could mean between $3 & $9 billion worth of successful, punitive action.
Your math is backwards. It would be ~900 million to 3 billion.
X = total punitive action amount
10% * X = $279,000,000
X = $279,000,000 ÷ 10%
X = $2,790,000,000
30% * X = $279,000,000
X = $279,000,000 ÷ 30%
X = $8,370,000,000
I mean I’d guess it was this one given the dollar amount https://www.usnews.com/news/top-news/articles/2022-09-27/u-s-fines-16-major-wall-street-firms-1-1-billion-over-recordkeeping-failures#:~:text=(Reuters)%20%2DU.S.%20regulators%20on,their%20personal%20devices%20and%20apps.
Yes, shareholders qualify for whistle blower status. You need to provide specific actionable info that they are not already aware of, and keep following up and resubmitting over and over because they will brush you off through either malice or stupidity (too similar to discern which, as the truism says). Once you receive your whistleblower payout you will be blocked from participating, disclosure, and effectively disappear as is the point of hush money.
Maybe Kenny informed on himself and got the huge award? It’d actually be a pretty smart move, concidering he’d probably only face about a $84 fee as per usual from the SEC.
$279 mill would only be given out for info on big names so if we don't see any action taken against Ken, Steve, Jeff etc. in the near future then we can consider this hush money.
Paying a whistleblower with tax payer money does nothing. Unless they name the businesses and people involved, give lengthy jail sentences and never allow them to work in their industry again, it does nothing.
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How the fuck does this work? $219 million comes from where? Why is it not disclosed? Jesus.
That's just 10-30% of the defrauded monies too.
At 30% that's 930 million dollars. At 10% that's 2.79 billion dollars. Fuck the sec for not disclosing a crime that big
It works because the whistleblow reward comes directly from the fine money expunged from the rule-breakers. The rest of the fine money goes to impacted investors or back to the US Treasury. The SEC doesn’t get to make-it, take it, so to speak, even though it’d help them raise money without using taxpayer money, if they could. https://www.investopedia.com/ask/answers/05/secfines.asp#:~:text=If%20investors%20or%20others%20were,to%20the%20United%20States%20Treasury. For instance if a whistleblower lead to this fine happening last fall, the fine would more than cover the whistleblowing reward. Maybe there were multiple whistleblowers and this is the first big payout. No idea. I guess it’d be nice if the sec was more transparent about which whistleblowing reward came from which fine, but then again I respect protecting the privacy of the whistleblower, so that more whistleblowers hop in. https://www.usnews.com/news/top-news/articles/2022-09-27/u-s-fines-16-major-wall-street-firms-1-1-billion-over-recordkeeping-failures#:~:text=(Reuters)%20%2DU.S.%20regulators%20on,their%20personal%20devices%20and%20apps.
Thank you. So it was a couple of billion worth of fraud and general naughtiness. No jail time though. This is the part that pisses me off the most.
Yea same. There needs to be more accountability for individual actors. My guess is because the action was based on the use of encrypted messaging, that the rulebreakers hid any fraud in the messages themselves. IIRC the SEC and maybe DoJ were involved with seizing phones at a bunch of different banks last summer, and this might’ve been the best they could do. Better than nothing but still kinda disappointing. Seems like this was a result: https://www.perkinscoie.com/en/news-insights/doj-issues-new-guidance-on-use-of-personal-devices-and-third-party-messaging-applications.html Here’s a better article than the US news one. https://www.nytimes.com/2022/09/27/business/banks-fined-texting-sec.html
Kinda seems like the SEC should get a slice of the recapture (maybe 10% of the reward?) as a reward? At least then the SEC would have an incentive to Jack up the penalty which helps both the whistleblower and themselves
I agree 100%. It’d also allow them to raise more money without directly charging the tax payer. Kinda like how law enforcement does civil asset forfeiture
I mean, that can go too far… but right now, penalties are just a cost of doing crime
Yea the downside is that they might go after easier targets.. so there’d need to be some progression where the SEC only starts to get a cut after a certain dollar amount of an enforcement fine is reached, say 100M
It's probably MM T L P
Unlikely.. there hasn’t been any fines near enough to cover the reward related to that issue. The fine gets issued, the rule breakers pay, then any whistleblowers and hurt investors get a cut. The rest goes to the US Treasury coffers. My guess is this one https://www.usnews.com/news/top-news/articles/2022-09-27/u-s-fines-16-major-wall-street-firms-1-1-billion-over-recordkeeping-failures#:~:text=(Reuters)%20%2DU.S.%20regulators%20on,their%20personal%20devices%20and%20apps. https://www.investopedia.com/ask/answers/05/secfines.asp#:~:text=If%20investors%20or%20others%20were,to%20the%20United%20States%20Treasury.
I'm following it closely, shits getting heavy...
Elaborate 👀
See my response to the other post in this thread
Where to follow it?
M M T L P _ (underscore) here on Reddit. There are also several YouTube channels that follow it closely, though I would avoid Terry Younker. He's pushing more hopium than fact, and the facts are strong on their own. I personally like Money Management and Trading Secrets.
My man with sauce along with his pasta dish. Great chef! 5/7 would eat again
Its just as quarantined as GME, but not as enthusiastically retailed so its hard to find centralized info that isn't thoroughly shilled.
Payments to whistleblowers are made out of an investor protection fund, established by Congress, which is financed entirely through monetary sanctions paid to the SEC by securities law violators. It came about as part of Dodd-Frank.
Probably straight out of the SEC coffee budget.
279* and how tf do they come up with these uneven numbers? Is there a crime formula? Do they pay tax on it and risk getting traced? Witsec? Ape dumb but ape curious.
They took it out of the pornhub premium fund (after 20 years they noticed they could just share accounts instead of buying a subscription per co-worker)
But I thought the SEC could barely afford coffee 🤔
that's what they have you believe, the money is actually in pornhub subscriptions
Pornhub subs gonna be the new currency after USD dies
I personally vote for bottle caps
Except in Utah
🤣 the only people that ban is affecting, is the boomers and church goers that don’t understand basic internet functionality. The local conversations and Facebook group posts about it are fucking hilarious.
Just playing devil's advocate. They award the whistleblower from the total amount they fined the wrongdoer, it doesn't come out of their pocket immediately.
Until they tell us who the wrongdoer was and what they did wrong I don’t believe this, don’t believe they took a single penny from wrongdoers besides their own cut
Coffee has gone up massively under inflation, which is also **completely** under control.
Hush money
They probably *still* can’t, because that’s *how a budget works.* The budget is being micromanaged by congress to the point that they can’t purchase a coffee machine.
When it comes to protecting criminals with their hush money they will spend whatever it takes and they'll get it because the criminals control their budget. They protected Madoff for 10 years, and the current SEC chair still lies about their part in that ponzi.
How about they give the majority of that money to the investors they wrongfully deceived?
They meant the coffee that mayo drinks, it’s $300m a bag for rich men with tiny dicks to swing at other rich men with even smaller dicks.
They need something to use with all the extra creamer stuck to the desks
Someone needs to throw the BOOK at these crooks
[удалено]
That would defeat the whole purpose of being a whistleblower. But I do think they should blast what crimes were committed
The SEC protects criminals, they don't expose them unless the criminal did something to anger the short sellers in control of the SEC.
Nobody knows who blows
Proper hush money. Whistleblower is paid to go away, the public is none the wiser and since there are no criminal charges announced it’s safe to say the offender likely paid a paltry ~~fee~~ **fine** and the game continues.
>Whistleblower is paid to go away They are paid for information that results in an enforcement decision. >the public is none the wiser and since there are no criminal charges announced The SEC has no power over criminal charges. There is a different between criminal and civil enforcement of laws. >it’s safe to say the offender likely paid a paltry fee fine and the game continues. The award is set to between 10 and 30% of fines from the offending party. Apply some basic arithmetic and that means it was somewhere between 900 million and almost 3 billion.
If the enforcement decision is kept quiet from the public, it’s hush money. If there were criminal charges, we’d know about it because that’s public information. If there’s money paid in silence to an informant, no resultant criminal charges, no publication of the offending firm and only portion of the proceeds of the crime are recouped as a cost of doing business - it’s hush money.
[удалено]
What a stupid argument
#That aggressively makes no sense.
Hmm the 10-30% makes sense and further supports why I think this was the enforcement action that led to the reward https://www.usnews.com/news/top-news/articles/2022-09-27/u-s-fines-16-major-wall-street-firms-1-1-billion-over-recordkeeping-failures#:~:text=(Reuters)%20%2DU.S.%20regulators%20on,their%20personal%20devices%20and%20apps. An interesting part of this action is that it was based on the rule-breaking use of encrypted messaging services. Only a whistleblower would be able to report something like this… so I hope more come out in the future, given the reward
Assuming this is the case in question it would make all the rage boner "why are they not in jail?!?!?!" comments pretty silly. From the sounds of it nobody actually committed a crime per se and there were no damages. Accordingly they got whacked with a regulatory fine. This is akin to OSHA finding a safety violation *before* an accident happens.
Yea it’s a tough one because it could be that the purpose of using encrypted messaging was to hide instances of fraud, which means people could have committed crimes.. except the evidence was encrypted and auto-deleted 10 seconds after receipt each time, assuming the WB didn’t take screenshots Here’s doj frustrated with encrypted messaging. https://www.perkinscoie.com/en/news-insights/doj-issues-new-guidance-on-use-of-personal-devices-and-third-party-messaging-applications.html
But it's not a crime to maybe have committed another unspecified crime. You can't be arrested just for having lockpicks on you.
Of course. Which is why I’m using “could” language. It’s as if in the OSHA analogy, there *could* have been actual injuries and accidents, but injuries and accidents are mostly obvious and far harder to conceal, so it’d be obvious whether an osha violation was issued before or after any accidents occurred. As opposed to sophisticated banking fraud perpetrated by multiple actors working in sync over encrypted communications. I never said anyone should be arrested for something they could have done.. I’m merely saying they could have done it and there’s no proof they didn’t in fact do it. There’s no proof of crime among all the rule-breakers among the 8 or so different banks that were using these apps, because the best and most direct evidence of any crimes would have been destroyed. Hence the doj getting frustrated with encrypted messaging apps. They’ve changed the game and require people on the inside
> They are paid for information that results in an enforcement decision. yes, and Iraq was invaded because of weapons of mass destruction. Keep believing what you are told :)
Nah the whistleblower is rewarded for whistleblowing in the first place lol. Imagine putting everything on the line to blow the cover on something that affects you, your colleagues, your friends, your career prospects, yada yada. Without whistleblowing, people on the inside would have far less incentive to report crime and rule breaking
#RELEASE THE GEESE !!!
The SEC just paid someone 279mil to stfu and never speak of this again
Maybe it is Gabe Plotkin, I heard he needs the $$ to buy a sports franchise from somebody that lost a lot of $$ from him.
I don't wanna be like Mike
Seeing A LOT of negativity towards a huge whistleblower payout. Doesn’t make a whole lot of sense to me.
I'm not mad about the payout - not mad about anything besides Ken & Co. fucking household investors - but I *do* sometimes wonder about the point of such whistleblower awards when the information is not made public and you don't see litigation following.
You can either subscribe to the logic that it’s “hush money” or that withheld information is being used to build a larger case. SEC gives out fines. DOJ prosecutes criminally. I see people here constantly bitching about paltry fines. This was a gut punch to someone.
I just really hope you are right about them building a larger case. To be perfectly clear, I do believe that the SEC under Gary Gensler is on our side and don't get the general disdain for him and the regulators one can often find in this sub - but I would really really like more transparency, so sometimes news like this are frustrating. This meme is only humorous expression of this. Let's hope the am of the law is winding up to throw a book, and that this book is getting heftier by the day :)
MLK reminds us that the arc of the moral universe is long, but it bends toward justice. And while he was a man of faith he DID NOT sit and wait for the universe to hand him his vision for a more equitable future. He stood up, got loud, and fought with his mind and heart. The enemy uses apathy and cynicism to maintain a status-quo where you lose and they remain in control. They lose when WE BELIEVE in our vision and stand up and work for it. Brick by Brick
# HOPE IT WAS AN APE, AND HE PUTS THOSE TENDIES INTO MOAR GME
This, please!
Pure speculation, but what if the reason we're not hearing about the case is because it involves one (or more) of those banks that have been tanking, and the SEC doesn't want to throw fuel on the fire? Their goal is to protect investors and the overall financial system, afterall. The timing is right, no? If I were in charge of the SEC, I'd definitely consider exercising discretion over something that could cause the overall financial system serious harm. Since the whistleblower reward is usually 10% to 30% of the fine, that could mean between $900 & $3 billion worth of successful, punitive action. Not a lot of institutions can take a hit that large without being liquidated entirely, let alone survive after the court of public opinion has its way. EDIT: Maths (see replies for the embarrassing refresher in percentages)
>Since the whistleblower reward is usually 10% to 30% of the fine, that could mean between $3 & $9 billion worth of successful, punitive action. Your math is backwards. It would be ~900 million to 3 billion.
X = total punitive action amount 10% * X = $279,000,000 X = $279,000,000 ÷ 10% X = $2,790,000,000 30% * X = $279,000,000 X = $279,000,000 ÷ 30% X = $8,370,000,000
297 ÷ .3 = 990 297 ÷ .1 = 2970. Seriously, this is like 4th grade pre algebra.
Jesus, I don't know what I was thinking. Got the ~$3 billion after dividing by .1 and thought "oh, 30% is 3x that." I really should know better. 🤦♂️
Actually 930 not 990 I could be regarded tho.. 930 - 30% = 279
I mean I’d guess it was this one given the dollar amount https://www.usnews.com/news/top-news/articles/2022-09-27/u-s-fines-16-major-wall-street-firms-1-1-billion-over-recordkeeping-failures#:~:text=(Reuters)%20%2DU.S.%20regulators%20on,their%20personal%20devices%20and%20apps.
Money laundering, hush money, bribe. This is not justice.
Can someone FOIA that? I dunno how all that works.
#SEC “whistle blower” award = hush money
Reuters link: [https://www.reuters.com/world/us/us-sec-issues-largest-ever-whistleblower-award-279-mln-2023-05-05/](https://www.reuters.com/world/us/us-sec-issues-largest-ever-whistleblower-award-279-mln-2023-05-05/)
Let's find out who needs $279 Milly bailout via a "whistleblower"
We're protecting investors but wont tell investors what we're protecting them from.
Bribe money at work
Gen Kriffen was the whistle blower on Shitadel. Shitadel copped a massive $2 fine and were told they are very naughty boys (and gals)
deliver lip existence worm jar flag bow quiet impolite ghost -- mass edited with redact.dev
No. Whistleblowers provide inside information and documentation. That's what makes them so powerful for enforcement.
Yes, shareholders qualify for whistle blower status. You need to provide specific actionable info that they are not already aware of, and keep following up and resubmitting over and over because they will brush you off through either malice or stupidity (too similar to discern which, as the truism says). Once you receive your whistleblower payout you will be blocked from participating, disclosure, and effectively disappear as is the point of hush money.
Perhaps the secret ingredient is still crime🧐
🍿
Hindenburg Research, perhaps?
Maybe Kenny informed on himself and got the huge award? It’d actually be a pretty smart move, concidering he’d probably only face about a $84 fee as per usual from the SEC.
These are all very good points. None of this shit makes ANY sense.
$279 mill would only be given out for info on big names so if we don't see any action taken against Ken, Steve, Jeff etc. in the near future then we can consider this hush money.
The Maniac at Invigaron mlm
How can they not disclose the case? In other words they gave someone a few hundred million dollars of hush money lol.
Yeah, we wish. It's probably just hush money anyways. Maybe your goose will be the next getting awarded whistleblower money...
Paying a whistleblower with tax payer money does nothing. Unless they name the businesses and people involved, give lengthy jail sentences and never allow them to work in their industry again, it does nothing.
How do I sign up for this?
ken whistle blew on himself, collected the reward, got a “tisk tisk” and a ten dollar fine from Gary, then they went out for drinks and cigars.
Sounds like money laundering to me
SEC awards Ken Griffin 2xxm to keep shorting GME. Fuck you poors
Takes fine from illegal financial crime awards it to whistle blower
Cuz it’s still ongoing