The Securities and Exchange Commission will award over US $600,000 to a whistleblower who was retaliated against after he provided information to the agency about misconduct by his then employer, Paradigm Capital Management, an investment adviser. In June 2014, the SEC settled charges against Paradigm and Candace Weir, its founder and president, related to their retaliatory actions taken against the firm’s former head trader. The head trader had reported to the SEC that Paradigm had engaged in principal transactions with an affiliated broker-dealer owned by Ms. Weir, without adequate disclosure to or consent from PCM Partners LLP II, a hedge fund client advised by Paradigm. (Click here for further details in the article, “SEC Charges Hedge Fund Manager With Retaliating Against Whistleblower and Engaging in Conflicted Transactions,” in the June 22, 2014 edition ofBridging the Week.) The amount to be paid to the whistleblower will be 30 percent of the amount the SEC collected from the defendants in the enforcement action—the maximum payment permitted.