SEC Awards Whistleblowers over $450,000 for Tips in Corporate Accounting Investigation
The SEC will reward more than $450,000 to two individuals for tips that led the SEC to open a corporate accounting investigation.
The whistleblower award is the third announced by the SEC in the past week, bringing the past week's payouts to $10 million.
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The SEC awarded more than $3.5 million to a company employee whose "tip bolstered an ongoing investigation with additional evidence of wrongdoing that strengthened the SEC's case."
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The SEC gave whistleblowers hefty monetary awards for providing information leading to and supporting investigations.
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A whistleblower who assisted the SEC in an investigation by furnishing it with a "detailed analysis" constituting "original information" was awarded more than $700,000.
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SEC Chair Mary Jo White discussed the SEC's whistleblower program and the SEC's role as "whistleblower's advocate" at the Ray Garrett, Jr. Corporate and Securities Law Institute - Northwestern University School of Law.