Nanex ~ 1-Mar-2016 ~ Vindicated!
On July 21, 2010, Congress signed into law, as part of Dodd-Frank, a new Whistle-blower program, which Hunsader wouldn't learn about for several more years. That same afternoon, Hunsader was comparing the quote time-stamps in General Electric (GE) common stock between the SIP and NYSE's direct feed…
Hasnain says:
"On July 21, 2010, Congress signed into law, as part of Dodd-Frank, a new Whistle-blower program, which Hunsader wouldn't learn about for several more years. That same afternoon, Hunsader was comparing the quote time-stamps in General Electric (GE) common stock between the SIP and NYSE's direct feed (Open Book). What Hunsader discovered over the next few hours would become crucial evidence that led to the historic $5 Million fine against the NYSE on September 14, 2012. It was the first time the SEC had ever fined a Stock Exchange.
The January 15, 2016 SEC press release "SEC Awards Whistleblower More Than $700,000 for Detailed Analysis" had this to say about Hunsader's analysis:
“The voluntary submission of high-quality analysis by industry experts can be every bit as valuable as first-hand knowledge of wrongdoing by company insiders"
When the SEC called Hunsader in June 2015 to tell him about the award, he said to them:
"I would have accepted $1 if you simply acknowledged me at the time.""