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Financial Services Law Insights and Observations

SEC awards nearly $4 million to whistleblower living overseas

Securities SEC Whistleblower

Securities

On September 24, the SEC announced a whistleblower award of almost $4 million to an individual residing in a foreign country. The SEC determined the individual voluntarily provided critical information and continued assistance, which helped the agency bring a successful enforcement action. The SEC now has awarded over $326 million to 59 individuals since 2012.