SEC Awards Whistleblower Approximately $20 Million
The SEC awarded approximately $20 million to a whistleblower who voluntarily provided significant information and continued helpful assistance that led to a successful SEC enforcement action.
The SEC denied whistleblower award claims for two other witnesses. The SEC said that in one case, the witness submitted two complaints, but the first was not reviewed by SEC staff and the second was determined to have been irrelevant to the investigation. The other witness also submitted multiple whistleblower claims, but the SEC determined that those claims did not contribute to the success of the enforcement action.
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