Gurbir S. Grewal, the torchbearer of the SEC’s enforcement division, conveyed a stern warning to entities employing similar agreements to be cautious and attentive to today’s enforcement action, emphasizing the SEC’s commitment to enforcing whistleblower protections.
Sheldon L. Pollock of the SEC’s New York Regional Office, highlighted the pivotal role of whistleblowers in revealing fraud and misconduct in the securities markets, affirming the SEC’s commitment to ensuring the whistleblower’s ability to freely provide information to aid investigations.
DE Shaw Fined $10M : Silent Counsel
The counsel for DESCO remained silent when reached for a comment on Friday.
DESCO’s defense is under the representation of the esteemed Julie Riewe and Robert Kaplan of Debevoise & Plimpton LLP.
Information regarding the counsel for the SEC remained undisclosed as of now.
