SEC Issues Whistleblower Awards Totaling Approximately $10.4 Million

The Securities and Exchange Commission today announced awards totaling approximately $10.4 million to several whistleblowers who provided information and assistance in three separate covered actions. In the first order, the SEC issued awards totaling approximately $7.5 million to two whistleblowers. Both whistleblowers provided new and significant information during an existing investigation, alerting SEC staff to misconduct occurring in different geographic areas. The first whistleblower also received an award for contributing to an action brought by another agency. In the second order, the SEC issued more than $2.4 million to two whistleblowers whose information led to the success of the enforcement action. The first whistleblower’s information prompted the opening of the investigation and provided key pieces of evidence. The second whistleblower provided information that significantly contributed to the ongoing investigation.