SEC Awards More Than $3.5 Million to Whistleblower

The Securities and Exchange Commission today announced an award of more than $3.5 million to a whistleblower who provided critical information that significantly contributed to the success of two SEC enforcement actions. The whistleblower’s information prompted SEC staff to further investigate certain potential securities violations, saved SEC staff time and resources, and helped advance settlement discussions. "Whistleblowers play an integral role in the agency’s enforcement efforts and protection of investors," said Creola Kelly, Chief of the SEC’s Office of the Whistleblower. "In fiscal year 2022 alone, the SEC has awarded more than $143 million to whistleblowers who provided high-quality information and assistance that led to the success of enforcement actions." The SEC has awarded approximately $1.2 billion to 248 individuals since issuing its first award in 2012.