SEC awards $1.25 million to whistleblower

Securities SEC Whistleblower Enforcement

On March 25, the SEC announced that it awarded a whistleblower $1.25 million for providing specific and credible information that prompted SEC staff to begin an investigation that resulted in a successful SEC covered action. According to the redacted order, the whistleblower voluntarily provided original information and participated extensively in assisting SEC staff through identifying witnesses, explaining critical documents, and helping focus the investigation on key issues, which saved SEC time and resources.

The SEC has awarded approximately $1.2 billion to 256 individuals since issuing its first award in 2012.