The SEC continues to award whistleblowers who provide pertinent information leading to successful enforcement actions. $2.6 million was recently awarded for three different orders involving five individuals who assisted the SEC. In the first award of $1.2 million, a whistleblower provided the SEC with information obtained from a self-created and…
Whistleblowers have made a busy summer for the SEC this year, and there is no sign of any slowdown. Two cases saw bounties of $6 million, as described in a recent press release. In the first order, whistleblower received a bounty of over $3.5 million after reporting new and beneficial…
The SEC has announced the award of $3.5 million to whistleblowers in two unrelated successful enforcement proceedings. In the first case, one individual was awarded a bounty of $2M after alerting the SEC to an ongoing fraud that led to the agency opening their investigation. The individual offered continuing assistance,…
Four whistleblowers who assisted the SEC in two separate enforcement proceedings have been individually awarded a financial bounty as a result of providing important information. The first order saw awards to two whistleblowers, with the first receiving a $2 million award. The provided information led to an investigation, and the…
The SEC’s Office of the Whistleblower has awarded another bounty to someone who helped by offering information. The individual involved provided original information that led to a successful enforcement action. The information provided by the individual assisted the SEC with both administrative and judicial actions, and were treated as a…
Recently the SEC awarded a bounty of $1.2 million to a whistleblower who offered staff credible information as well as time and additional resources that led to a successful enforcement action. The whistleblower, who was not publicly identified, provided information as well as ongoing assistance and additional documentation. The individual…
The SEC announced that it has awarded yet another whistleblower the sum of $1 million for information that led to a successful enforcement action. In addition to providing valuable information, the individual also cooperated and worked with SEC staff on an ongoing basis, which saved the SEC time and resources.…
The SEC recently announced it has awarded several whistleblowers a total of $5.3 million who provided information and assistance for separate enforcement proceedings. In the first case, the whistleblower received an SEC bounty of $4 million for “extraordinary assistance” and information that led the SEC to open an investigation that…
In a recent announcement, two whistleblowers are sharing an SEC bounty of $3 million after supplying information that led to a successful enforcement action. The individuals worked separately and independently with SEC staff, providing information as well as continued assistance during the investigation. Both gave several interviews as well as…
On April 9, 2021, The SEC announced the award of $2.5 million to a whistleblower for information and assistance that led to a successful enforcement action. This case involved a breach of fiduciary duty that was owed to investors. The SEC determined that the individual voluntarily provided “significant ongoing assistance”…