The Securities and Exchange Commission today announced an award of more than $37 million to a whistleblower whose information led to a successful SEC enforcement action and a related action.
U.S. Securities and Exchange Commission issued $20 million whistleblower award to person whose disclosure contained new, critical information that led to successful enforcement. Through SEC Whistleblower Program, qualified whistleblowers are entitled to 10-30% of sanctions.
U.S. Securities and Exchange Commission announced two whistleblower awards of more than $6 million. Each gave SEC original information that led to successful enforcement action. First awardee was outsider solicited to invest in misrepresented product. Second was insider.
The Securities and Exchange Commission today announced an award of $1.25 million to a whistleblower who provided specific and credible information that prompted SEC staff to open an investigation that resulted in a successful SEC covered action.