SEC Awards More Than $1 Million to Whistleblower
Washington, D.C.--(Newsfile Corp. - June 24, 2021) - The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to multiple successful SEC enforcement actions.The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in interviews with the staff.
- Washington, D.C.--(Newsfile Corp. - June 24, 2021) - The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to multiple successful SEC enforcement actions.The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in interviews with the staff.
- "Today's whistleblower played a critical role in the SEC bringing these important enforcement actions,"said Emily Pasquinelli, Acting Chief of the SEC's Office of the Whistleblower.
- "The whistleblower's information prompted the opening of the investigation, and their continued cooperation saved significant SEC staff time and resources."
- Whistleblower awards can range from 10to 30%of the money collected when the monetary sanctions exceed $1 million.