Whistleblower costs will rise further for Paradigm Capital

SEC whistleblower case will bring more than just monetary fine

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Action taken against Albany, New York investment adviser Paradigm Capital Management for retaliating against an internal whistleblower will cost the firm much more than the fine imposed by the US Securities and Exchange Commission (SEC), one compliance expert warns. The firm, along with owner Candace King Weir, was fined $2.2 million this week in the SEC's first whistleblower retaliation case. The charges relate to tax avoidance transactions Paradigm carried out on behalf of a hedge fund clie