SEC Awards $1.25 Million to Whistleblower

The Securities and Exchange Commission today announced an award of $1.25 million to a whistleblower who provided specific and credible information that prompted SEC staff to open an investigation that resulted in a successful SEC covered action. After alerting SEC staff to the underlying conduct, the whistleblower provided extensive assistance that saved SEC time and resources. The whistleblower identified witnesses, explained critical documents, and helped focus the investigation on key issues. "Today’s award underscores the SEC’s commitment to rewarding meritorious whistleblowers who provide valuable information that advances the agency’s enforcement efforts," said Creola Kelly, Chief of the SEC’s Office of the Whistleblower. "This whistleblower provided high-quality information and exemplary cooperation." The SEC has awarded approximately $1.2 billion to 256 individuals since issuing its first award in 2012.