Whistleblower costs will rise further for Paradigm Capital

SEC whistleblower case will bring more than just monetary fine

whistle

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 client,

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: