Panel:  Whistleblowers Failed To Provide Sufficient Information To Receive Awards

Mealey's (November 12, 2019, 2:49 PM EST) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on Nov. 8 ruled that the Securities and Exchange Commission did not err in denying whistleblower awards to three parties in exchange for information they provided to the commission as part of an investigation into securities fraud claims against Deutsche Bank AG (DB) because the SEC correctly determined that the information they provided did not meet the statutory guidelines for such awards (Colin Kilgour, et al. v. United States Securities and Exchange Commission, Nos. 18-1124 and 18-1127, 2nd Cir., 2019 U.S. App. LEXIS 33445)....