SEC Awards More Than $12 Million to Two Whistleblowers

The Securities and Exchange Commission today announced awards of more than $12 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action.

The first whistleblower prompted the opening of the investigation and provided information on violations that would otherwise have been difficult to detect. This whistleblower identified key witnesses, helped staff understand complex fact patterns and issues, and made persistent efforts to remedy the issues. As a result, this whistleblower will receive an award of more than $9 million. The second whistleblower submitted important new information during the course of the investigation and will receive an award of more than $3 million.

Source: SEC.gov | SEC Awards More Than $12 Million to Two Whistleblowers