×
Saturday, May 16, 2026
Get News Alerts

SEC slashed offer to Wells Fargo whistleblower by $125M - American Banker

8 days ago
in Employment News, Press Release

  • Key insight: The SEC slashed the size of the award it offered to a bank whistleblower shortly after President Trump's choice to lead the agency, Paul Atkins, took office.
  • What's at stake: An attorney for the whistleblower, former Wells Fargo Chief Security Officer Michael Bacon, says the SEC has given shifting rationales for its determinations.
  • Expert quote: "Nobody's arguing about his role. They're just coming up with creative ways to pay him less and less.


Read Full Story: https://news.google.com/rss/articles/CBMilAFBVV95cUxQVjE4SVNja0d2dzVRdGpHSWdv...


False Claims