SEC Awards $7 Million to Whistleblowers
The SEC awarded a total of more than $7 million to three whistleblowers who assisted the commission in prosecuting an investment scheme.
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The SEC awarded more than $5.5 million to a whistleblower who helped the SEC "uncover an ongoing scheme" by providing "critical information."
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The SEC awarded nearly $1 million to a whistleblower for coming forward with information that led to multiple SEC enforcement actions.
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The SEC awarded approximately $3.5 million to a whistleblower for coming forward with information that led to an SEC enforcement action.
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The SEC awarded $20 million to a whistleblower who "promptly came forward with valuable information that enabled the SEC to move quickly and initiate an enforcement action against wrongdoers before they could squander the money."
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The SEC named Jane Norberg chief of its Whistleblower Office. Ms. Norberg formerly served as acting chief after the departure of inaugural chief Sean McKessy.
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SEC Enforcement Director Andrew Ceresney asserted that the SEC Whistleblower Program has had a "transformative impact" on the detection and prosecution of illegal conduct.
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The SEC awarded more than $22 million to a whistleblower and announced that it now has granted over $100 million in whistleblower awards.