SEC Issues Nearly $3.5 Million Award to Four Whistleblowers

The Securities and Exchange Commission today announced a total award of nearly $3.5 million to four whistleblowers who provided information and assistance in a single covered action. Three joint whistleblowers provided Commission staff with information that caused the staff to open a new investigation that led to the successful enforcement action. These joint whistleblowers’ information also caused another agency to open an investigation which led to a separate successful action. Another whistleblower provided insights based on an analysis of publicly available information that focused the staff’s attention on new allegations that advanced the investigation. "Credible and specific tips of securities laws violations, whether from corporate insiders or members of the public, strengthen the Commission’s enforcement program," said Creola Kelly, Chief of the SEC’s Office of the Whistleblower.