SEC Awards More Than $28 Million to Whistleblower Who Aided SEC and Other Agency Actions

The Securities and Exchange Commission today announced an award to a whistleblower totaling more than $28 million in connection with an SEC enforcement action and a related action by another federal agency. The whistleblower’s information caused both the SEC and the other agency to open investigations that resulted in significant enforcement actions. Under the SEC’s whistleblower program, individuals who provide information to other agencies like this whistleblower may be eligible for an award in the related action if they are also eligible for an award in the underlying SEC action. “The SEC has awarded more than $900 million over the life of the program, including almost $85 million to nine individuals in this month alone, which reflects the vitality and continued success of the SEC’s whistleblower program,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower.