SEC Issues Awards Totaling More Than $15 Million to Two Whistleblowers

The Securities and Exchange Commission today announced awards of more than $12.5 million and $2.5 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action. The first whistleblower alerted Commission staff to a fraudulent scheme and prompted the opening of an investigation. The second whistleblower’s information was more limited but also helped lead to the success of the enforcement action. "These whistleblowers provided critical information and substantial assistance to the Commission staff in the underlying investigation," said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower. "These awards demonstrate the SEC’s commitment to rewarding whistleblowers who provide high-quality tips that help protect investors." The SEC has awarded approximately $1.1 billion to 226 individuals since issuing its first award in 2012.