May 17, 2021

Two whistleblowers were awarded a total of $27 million, with the SEC finding that the information they jointly and voluntarily provided aided an enforcement action which resulted in the return of millions of dollars to harmed investors, even through most of the information the individuals provided was already known the SEC from other sources. The two individuals had also reported their concerns internally and met in-person with SEC staff over the course of two days. SEC

Tagged in: Financial and Investment Fraud, Multiple Whistleblowers and First-to-File, SEC Whistleblower Reward Program, Whistleblower Rewards,