SEC Awards More Than $28 Million to Whistleblower Who Aided SEC and Other Agency Actions

The Securities and Exchange Commission today announced an award to a whistleblower totaling more than $28 million in connection with an SEC enforcement action and a related action by another federal agency.

The whistleblower’s information caused both the SEC and the other agency to open investigations that resulted in significant enforcement actions.  Under the SEC’s whistleblower program, individuals who provide information to other agencies like this whistleblower may be eligible for an award in the related action if they are also eligible for an award in the underlying SEC action.

Source: SEC.gov | SEC Awards More Than $28 Million to Whistleblower Who Aided SEC and Other Agency Actions