SEC Issues $2.4 Million Whistleblower Award

The Securities and Exchange Commission today announced an award of $2.4 million to a whistleblower whose timely submission of information prompted the agency to initiate an investigation and bring an enforcement action that stopped ongoing misconduct, and whose assistance throughout the investigation contributed to all of the charges brought by the SEC. "The whistleblower awarded today quickly came forward with critical information and helped investigative staff target key information and identify important witnesses," said Jane Norberg, Chief of the SEC's Office of the Whistleblower. "Information from whistleblowers has again proven to be crucial in helping the Commission detect violations and better protect investors and the marketplace." The SEC has awarded approximately $523 million to 97 individuals since issuing its first award in 2012.