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SEC Awards over $2.1 Million to Whistleblower

The SEC awarded more than $2.1 million to a whistleblower who provided information that resulted in "multiple successful enforcement actions."

The former insider was credited for providing the initial tips as well as support during the ensuing investigation. In issuing the award, however, the SEC took into account what it called an "unreasonabl[e]" delay by the whistleblower before reporting the misconduct.

Primary Sources

  1. SEC Press Release: SEC Announces Whistleblower Award of More than $2.1 Million Dollars (April 12, 2018)
  2. Order Determining Whistleblower Award (April 12, 2018)

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  • SEC Awards Whistleblower over $1.7 Million

    The SEC awarded more than $1.7 million to a whistleblower for reporting "critical information to help stop a fraud that would have otherwise been difficult to detect."

Tags

Regulated Activities
Enforcement Procedures
Sub-Activity
Whistleblowing
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
SEC