In its first whistleblower retaliation case, the SEC ordered respondents to pay a total of $2,181,771, and to cease and desist from violating the Securities and Exchange Act. Paradigm Capital Mgmt., Inc.Exchange Act Release No. 72,393, (June 16, 2014).  Ms. Weir controlled both Paradigm Capital Management and C.L. King, and thus Weir violated the Investment Advisers Act by not providing written disclosure and consent from a hedge fund client for transactions between the two entities she controlled.  Upon learning that a whistleblower reported the securities law violations to the SEC, Paradigm Capital Management engaged in numerous retaliatory actions that led to the whistleblower’s resignation.