October 15, 2021
Posted October 15, 2021
The SEC has granted awards totaling approximately $40 million to two whistleblowers whose contributions helped result in a successful enforcement action. Approximately $32 million went to a whistleblower whose tip about difficult-to-detect violations launched the investigation, and who then helped agency staff understand complex fact patterns and identify witnesses. The remaining $8 million went to a whistleblower who reported new information but who waited years before reporting wrongdoing to the agency. SEC
Tagged in: Financial and Investment Fraud, SEC Whistleblower Reward Program, Securities Fraud, Whistleblower Rewards,