The Head of the SEC's Whistleblower Office, Sean McKessy, is slated to step down.
The US Securities and Exchange Commission (SEC) has just announced that its Office of the Whistleblower Chief, Sean McKessy, will be leaving this month, according to plans shared by the agency in an official statement.
It has been an honor and pleasure to serve as the first Chief of the SEC’s Office of the Whistleblower.
$85m awarded to 32 recipients
More than 14,000 whistleblower tips from across the US and 95 foreign countries were screened by the office under his stewardship, resulting in $85 million awarded to 32 whistleblowers to date.
These rewarded tips led to over $504 million in ordered sanctions from SEC enforcement actions. This total includes over $346 million in disgorgement and interest for harmed investors, and with $453 million recovered or nearly 90% of the total sanctioned amount - thanks to the intelligence that whistleblowers' shared with the SEC.
Sean has been a staunch advocate for whistleblowers, a relentless promoter of the program, and an invaluable advisor on these issues.
Rewarding intelligence
The SEC's Whistleblowers' office is responsible for screening all tips received from potential informants that report alleged infringements or perceived violations of securities laws by market participants in return for monetary awards, while keeping their identities private.
Commenting in a statement regarding his planned departure, Mr. McKessy said: “It has been an honor and pleasure to serve as the first Chief of the SEC’s Office of the Whistleblower. Working with the extraordinarily talented and dedicated staff of the Whistleblower Office and the Enforcement Division in standing up a groundbreaking and exemplary Whistleblower Office has been the highlight of my professional career.”
Jane Norberg named Interim Chief
Until a replacement is appointed for role, the Office's Deputy Chief, Jane Norberg, will act as Interim Chief, following the planned departure of Mr. McKessy.
“The SEC’s whistleblower program has had a transformative impact on the agency, and Sean’s service as the first head of the Whistleblower Office has contributed greatly to the program’s success,” said Andrew J. Ceresney, Director of the SEC’s Enforcement Division, commenting in a statement, and concluded: “Sean has been a staunch advocate for whistleblowers, a relentless promoter of the program, and an invaluable advisor on these issues.”
Mr. McKessy has been advocating and supporting the Whistleblower program since its inception and his contributions to the Dodd-Frank reforms which helped create the program (among other rules that blanketed financial services) earned him an award of his own from the SEC in Law and Policy in 2011. In a video post on the SEC's YouTube channel, as seen below, Mr. McKessy explains how the Whistleblower program works:
https://www.youtube.com/watch?v=wgbCobolWgA
The US Securities and Exchange Commission (SEC) has just announced that its Office of the Whistleblower Chief, Sean McKessy, will be leaving this month, according to plans shared by the agency in an official statement.
It has been an honor and pleasure to serve as the first Chief of the SEC’s Office of the Whistleblower.
$85m awarded to 32 recipients
More than 14,000 whistleblower tips from across the US and 95 foreign countries were screened by the office under his stewardship, resulting in $85 million awarded to 32 whistleblowers to date.
These rewarded tips led to over $504 million in ordered sanctions from SEC enforcement actions. This total includes over $346 million in disgorgement and interest for harmed investors, and with $453 million recovered or nearly 90% of the total sanctioned amount - thanks to the intelligence that whistleblowers' shared with the SEC.
Sean has been a staunch advocate for whistleblowers, a relentless promoter of the program, and an invaluable advisor on these issues.
Rewarding intelligence
The SEC's Whistleblowers' office is responsible for screening all tips received from potential informants that report alleged infringements or perceived violations of securities laws by market participants in return for monetary awards, while keeping their identities private.
Commenting in a statement regarding his planned departure, Mr. McKessy said: “It has been an honor and pleasure to serve as the first Chief of the SEC’s Office of the Whistleblower. Working with the extraordinarily talented and dedicated staff of the Whistleblower Office and the Enforcement Division in standing up a groundbreaking and exemplary Whistleblower Office has been the highlight of my professional career.”
Jane Norberg named Interim Chief
Until a replacement is appointed for role, the Office's Deputy Chief, Jane Norberg, will act as Interim Chief, following the planned departure of Mr. McKessy.
“The SEC’s whistleblower program has had a transformative impact on the agency, and Sean’s service as the first head of the Whistleblower Office has contributed greatly to the program’s success,” said Andrew J. Ceresney, Director of the SEC’s Enforcement Division, commenting in a statement, and concluded: “Sean has been a staunch advocate for whistleblowers, a relentless promoter of the program, and an invaluable advisor on these issues.”
Mr. McKessy has been advocating and supporting the Whistleblower program since its inception and his contributions to the Dodd-Frank reforms which helped create the program (among other rules that blanketed financial services) earned him an award of his own from the SEC in Law and Policy in 2011. In a video post on the SEC's YouTube channel, as seen below, Mr. McKessy explains how the Whistleblower program works:
Noel Quinn's Surprise Exit Marks End of an Era at HSBC
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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