A federal appeals court upheld the U.S. Securities and Exchange Commission’s decision to deny a Bear Stearns broker a whistleblower award.

Judge Karen LeCraft Henderson, writing for a U.S. Court of Appeals for the D.C. Circuit panel Friday, said Eugene Ross wasn’t entitled to a portion of a $100 million disgorgement because his award application was based on information he provided to the SEC before the 2010 Dodd-Frank Act took effect and it therefore didn’t qualify as “original information.”

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Read Full Story: https://www.law.com/nationallawjournal/2022/05/27/former-bear-stearns-broker-...