SEC awards $5 million to whistleblower

Securities SEC Whistleblower Enforcement Investigations

On December 6, the SEC announced that it awarded a whistleblower nearly $5 million for providing information that led to a successful SEC enforcement action. According to the redacted order, the whistleblower voluntarily provided original information to the Commission, which enabled staff to quickly and efficiently, among other things, develop a case theory, which ultimately led to the enforcement action and the return of millions of dollars to harmed investors.

The SEC has awarded approximately $1.2 billion to 236 individuals since issuing its first award in 2012.