SEC Issues Over $5 Million to Joint Whistleblowers Located Abroad

The Securities and Exchange Commission today announced an award of over $5 million to joint whistleblowers whose tip caused the opening of an investigation that resulted in a successful enforcement action. The whistleblowers provided significant information about misconduct abroad that directly supported certain allegations in the enforcement action. “The whistleblowers’ information alerted the staff to misconduct occurring abroad which could have been difficult to detect without their tip,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “Whistleblowers from 130 different countries have provided tips to the Commission since the beginning of the program, and we hope this award encourages others with credible information to come forward.” The SEC has awarded approximately $758 million to 142 individuals since issuing its first award in 2012.