The U.S. Securities and Exchange Commission (SEC) on Wednesday said that 33 whistleblowers have received payments exceeding $100 million since the program’s inception. The SEC also reported that it has extracted more than $500 million in financial remedies from enforcement actions initiated by whistleblowers.
The largest award, $30 million was awarded in 2014, and the second-largest, $22 million, was awarded on Tuesday, August 30. By law the SEC cannot reveal information about the whistleblower awards that might reveal directly or indirectly the person’s identity.
The Wall Street Journal identified the $22 million recipient as a former financial executive at Monsanto Co. (NYSE: MON) who notified the SEC of alleged accounting violations related to the company’s Roundup weed killer. Monsanto agreed to pay an $80 settlement in February, but did not admit or deny the SEC’s charges.
The SEC told the WSJ that it has received more than 14,000 tips from all 50 U.S. states and 95 foreign countries.
Top Financial Stocks To Buy For 2019: Seaboard Corporation(SEB)
- [By Ethan Ryder]
Willis Investment Counsel lifted its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 8.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 524 shares of the company’s stock after acquiring an additional 41 shares during the period. Willis Investment Counsel’s holdings in Seaboard were worth $2,235,000 as of its most recent filing with the SEC.
Top Financial Stocks To Buy For 2019: New York Mortgage Trust Inc.(NYMT)
- [By Joseph Griffin]
Shares of NY Mtg Tr Inc/SH (NASDAQ:NYMT) have earned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $6.06.
Top Financial Stocks To Buy For 2019: Globus Medical, Inc.(GMED)
- [By Joseph Griffin]
Schwab Charles Investment Management Inc. raised its stake in shares of Globus Medical Inc (NYSE:GMED) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 421,775 shares of the medical device company’s stock after purchasing an additional 31,253 shares during the period. Schwab Charles Investment Management Inc. owned 0.44% of Globus Medical worth $21,013,000 at the end of the most recent reporting period.
- [By Logan Wallace]
Globus Medical Inc (NYSE:GMED) – Research analysts at William Blair cut their Q2 2018 earnings per share (EPS) estimates for shares of Globus Medical in a report released on Thursday, May 3rd. William Blair analyst K. Krum now forecasts that the medical device company will earn $0.35 per share for the quarter, down from their previous estimate of $0.37. William Blair also issued estimates for Globus Medical’s Q3 2018 earnings at $0.35 EPS, FY2018 earnings at $1.52 EPS, Q1 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.46 EPS and FY2019 earnings at $1.71 EPS.