SEC Awards $22 Million to Two Whistleblowers
b'Washington, D.C.--(Newsfile Corp. - May 10, 2021) - The Securities and Exchange Commission today announced awards totaling approximately $22 million to two whistleblowers whose information and assistance were of crucial importance to successful SEC enforcement actions brought against a financial services firm.\nThe first whistleblower received an award of $18 million, while the second whistleblower received a $4 million award.
- b'Washington, D.C.--(Newsfile Corp. - May 10, 2021) - The Securities and Exchange Commission today announced awards totaling approximately $22 million to two whistleblowers whose information and assistance were of crucial importance to successful SEC enforcement actions brought against a financial services firm.\nThe first whistleblower received an award of $18 million, while the second whistleblower received a $4 million award.
- \xe2\x80\x9cThe reporting of credible information by these whistleblowers and their subsequent cooperation with the staff\xe2\x80\x99s investigation allowed the Commission to better understand complex transactions related to the matters under investigation.\xe2\x80\x9d\nThe SEC has awarded approximately $838 million to 156 individuals since issuing its first award in 2012.
- No money has been taken or withheld from harmed investors to pay whistleblower awards.
- Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.