SEC Awards Over $570,000 to Two Whistleblowers

The Securities and Exchange Commission today announced awards totaling over $570,000 to two whistleblowers who provided significant information and assistance that helped the Commission bring multiple successful enforcement actions. The first whistleblower received an award of approximately $478,000 and the second whistleblower received an award of approximately $94,000. “The whistleblowers in this matter played a critical role in the investigation and helped the agency bring antifraud charges that halted ongoing conduct,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “The substantially higher award granted to the first whistleblower demonstrates the importance of providing information early in the investigation and the benefit to whistleblowers where the information leads to multiple enforcement actions.” The SEC has awarded approximately $396 million to 76 individuals since issuing its first award in 2012.