SEC awards $3.5 million to whistleblower

Securities Whistleblower Enforcement SEC

On March 8, the SEC announced that it awarded a whistleblower over $3.5 million for providing “critical” information that led to two successful SEC enforcement actions. According to the redacted order, the whistleblower provided information that prompted SEC staff to further investigate certain potential securities violations, which saved time and resources and helped advance settlement discussions. The SEC has awarded approximately $1.2 billion to 248 individuals since issuing its first whistleblower award in 2012.