SEC Awards More Than $3.6 Million and $750,000 in Separate Whistleblower Awards

The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of over $4.3 million. In the first order, the Commission awarded a whistleblower over $3.6 million for providing important information that alerted the Commission to misconduct occurring abroad. The whistleblower provided substantial and ongoing assistance to enforcement staff, which included traveling to another country at the whistleblower’s own expense to meet with staff in person and providing extensive supporting documentation. In the second order, the Commission awarded $750,000 to a whistleblower who provided significant information that led the Commission to uncover an ongoing fraud. The whistleblower assisted Commission staff by meeting with them in person and explaining the likely mechanics of the fraudulent scheme.