SEC Awards More Than $1 Million to Whistleblower

The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to multiple successful SEC enforcement actions. The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in interviews with the staff. "Today's whistleblower played a critical role in the SEC bringing these important enforcement actions," said Emily Pasquinelli, Acting Chief of the SEC's Office of the Whistleblower. "The whistleblower's information prompted the opening of the investigation, and their continued cooperation saved significant SEC staff time and resources." The SEC has awarded approximately $938 million to 179 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators.