A whistleblower who filed an internal report prior submitting a tip to the SEC has been awarded $500,000 by the agency. The information provided by the whistleblower gave the SEC and another agency what they needed to file actions quickly in order to stop a continuing fraudulent scheme. Continue reading
The SEC has awarded two individuals more than $3M related to two agency separate enforcement actions.
In the first, the agency awarded $3.2M to one individual who alerted the SEC to certain violations. The individual also gave the SEC crucial subject matter expertise, which conserved agency resources, as well as which identifying important issues on which to focus. Continue reading
The SEC today awarded a whistleblower a sum of $28M after providing the SEC with information that led to a successful enforcement action and a second related action with another federal agency. The second agency was not identified.
As a result of the informant’s information, both the SEC and the second federal agency made the decision to open and pursue individual investigations. Because of the second related action, the informant was also eligible for another award brought about from the initial SEC investigation and enforcement action. Continue reading
In two separate cases, the SEC has awarded four individuals sums that total over $31 million for critical information that led to successful enforcement actions.
The first award of $27 million went to two individuals who not only provided the agency with vital information, they offered continual assistance and met in-person with agency staff on three different days. Their information and ongoing assistance for an existing investigation helped secure the specific allegations that led to charges against the company. Continue reading
The Securities & Exchange Commission (SEC) announced today the award of $3.6 million to a whistleblower whose assistance helped the agency with another case.
The individual offered “valuable information” to the agency’s attention, leading to a new investigation of wrongdoing and violations of federal securities laws. The whistleblower’s sustained assistance to SEC staff allowed the agency to continue its investigation, leading to a successful enforcement action. Continue reading
The SEC announced today that it has awarded $22 million to two individuals who provided “information and assistance” to the agency that resulted in a successful enforcement action against a financial services firm.
The first whistleblower received a whopping $18 million award due to being the original source of information that started the investigation. Continue reading
The US Securities & Exchange Commission (SEC) recently awarded $1.7 million to two whistleblowers who provided critical information within 30 days via Form TCR (Tip, Complaint or Referral). Both provided their information in accordance with the new Securities and Exchange Act Rule 21F-9(e). Continue reading
The SEC announced yet another award to a whistleblower who helped initiate a successful enforcement action.
Jane Norberg, Chief of the SEC’s Office of the Whistleblower, stated:
“The whistleblower alerted the SEC to previously unknown conduct and thereafter provided multiple submissions, identified potential witnesses, and met with staff on several occasions. As the numerous recent awards make clear, whistleblowers like the one awarded today play an integral part in the success of the SEC’s enforcement program.” Continue reading
Two whistleblowers who notified the Securities & Exchange Commission about misconduct that occurred outside of the US were rewarded by the agency today.
The SEC announced that it has awarded $5M to these two overseas whistleblowers. Their information about the misconduct supported several allegations that led to an enforcement action. Continue reading
The SEC’s Office of the Whistleblower recently awarded two individuals a total of $2.9M in payments after alerting investigators to improper conduct in two separate cases. In a press release dated February 19, 2021, the SEC announced two awards:
- The first case led to a $2.2 million whistleblower award after providing investigators with quality information that resulted in an SEC enforcement action. Because of this information, the SEC was able to thwart wrongdoing and return millions of dollars to the defrauded investors. Continue reading