SEC Whistleblower Program Ends Record-Setting Fiscal Year With Four Additional Awards

The Securities and Exchange Commission today announced awards to four individuals for total payments of almost $5 million. Each of these whistleblowers provided critical information that alerted the Commission of the alleged wrongdoing and resulted in successful enforcement action. This year the SEC has made a record 39 individual awards of approximately $175 million, more than in any prior fiscal year. In the first order, a whistleblower was awarded nearly $2.9 million for alerting the Commission to hard-to-detect violations. The whistleblower provided critical information and supporting evidence that conserved SEC time and resources. In the second order, a whistleblower, a former company insider, was awarded more than $1.7 million.