SEC Awards Whistleblower More Than $9 Million

The Securities and Exchange Commission today announced an award of more than $9 million to a whistleblower whose significant and detailed information and assistance led to a successful SEC enforcement action.

After repeatedly internally reporting the concerns, the whistleblower alerted SEC’s Enforcement Division to the conduct, prompting the opening of the investigation. In addition, the whistleblower provided substantial and ongoing cooperation.

“­Th­­­­­­­­­e whistleblower in this case provided critical information and continuing assistance that helped the agency recover millions of dollars for harmed investors,” said Creola Kelly, Chief of the SEC’s Office of the Whistleblower.

Source: | SEC Awards Whistleblower More Than $9 Million