SEC Issues Whistleblower Awards Totaling Nearly $5.3 Million

The Securities and Exchange Commission today announced awards of nearly $5.3 million to whistleblowers who provided information and assistance in separate enforcement proceedings. In the first order, the SEC awarded a whistleblower nearly $4 million for providing information that caused the SEC to open an investigation that led to a successful enforcement action. The whistleblower provided extraordinary assistance, participating in hours of telephonic interviews and communicating dozens of times with investigative staff. The whistleblower also identified key witnesses and provided documents to the staff. In the second order, the SEC awarded approximately $1.3 million to three individuals who provided information that prompted the opening of an investigation.