SEC Awards $2.5 Million to Joint Whistleblowers
The SEC awarded $2.5 million to two whistleblowers for providing information that led to several successful enforcement actions.
The SEC stated that the whistleblowers provided the agency with novel information based on a "highly probative" independent analysis of a public company's filings. The claimants were unaffiliated outsiders to the company, whose analysis revealed possible accounting violations, which caused SEC staff to open the investigation.
Primary Sources
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