InfoBytes Blog
SEC announces whistleblower awards totaling approximately $4 million
On July 21, the SEC announced that it awarded a whistleblower approximately $3 million for providing information that, according to the redacted order, led to a successful SEC enforcement action. The SEC noted that the whistleblower helped open the investigation and conserved resources by giving valuable information and ongoing assistance, such as providing documents that helped staff understand key components in the investigation.
Earlier on July 15, the SEC announced that it awarded a whistleblower more than $1 million for providing information that, according to the redacted order, also led to a successful SEC enforcement action. The SEC noted that the whistleblower helped conserve significant staff time and resources by giving valuable information and ongoing assistance, such as participating in interviews with enforcement staff, and providing documents that helped staff understand key components in the investigation.
The SEC has awarded approximately $942 million to 186 individuals since issuing its first award in 2012.