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SEC issues $20 million whistleblower award

Securities SEC Enforcement Whistleblower Securities Act

Securities

On December 12, the SEC announced an award totaling nearly $20 million to a whistleblower whose new information and assistance led to a successful SEC enforcement action. According to the redacted order, the whistleblower provided new information, met with SEC staff multiple times, and cooperated in the investigation, which allowed SEC staff to more quickly and efficiently investigate complex issues.