The SEC continues awarding monies to whistleblowers who assist staff with information that either leads to a successful enforcement action or makes things easier for investigative staff. Two whistleblowers have been awarded a combined bounty of $11.5 million. The first whistleblower received an award of nearly $7 million, and the…
In one of the highest payouts since the inception of the SEC’s Whistleblower Program, an individual recently received a total bounty of an astounding $110M. It’s the second highest award paid to a whistleblower, following a $114M award paid just last October. The SEC awarded the individual $40 million, and…
The SEC continues to award whistleblowers who provide pertinent information leading to successful enforcement actions. $2.6 million was recently awarded for three different orders involving five individuals who assisted the SEC. In the first award of $1.2 million, a whistleblower provided the SEC with information obtained from a self-created and…
Whistleblowers have made a busy summer for the SEC this year, and there is no sign of any slowdown. Two cases saw bounties of $6 million, as described in a recent press release. In the first order, whistleblower received a bounty of over $3.5 million after reporting new and beneficial…
The SEC has announced the award of $3.5 million to whistleblowers in two unrelated successful enforcement proceedings. In the first case, one individual was awarded a bounty of $2M after alerting the SEC to an ongoing fraud that led to the agency opening their investigation. The individual offered continuing assistance,…
Four whistleblowers who assisted the SEC in two separate enforcement proceedings have been individually awarded a financial bounty as a result of providing important information. The first order saw awards to two whistleblowers, with the first receiving a $2 million award. The provided information led to an investigation, and the…
Although insider trading is clearly illegal, it is hard to detect without the participation of whistleblowers who collaborate with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading (CFTC). Illegal insider trading occurs when individuals buy or sell securities based on non-public information. Dishonest insiders intend to anticipate…
The SEC’s Office of the Whistleblower has awarded another bounty to someone who helped by offering information. The individual involved provided original information that led to a successful enforcement action. The information provided by the individual assisted the SEC with both administrative and judicial actions, and were treated as a…
Recently the SEC awarded a bounty of $1.2 million to a whistleblower who offered staff credible information as well as time and additional resources that led to a successful enforcement action. The whistleblower, who was not publicly identified, provided information as well as ongoing assistance and additional documentation. The individual…
The SEC announced that it has awarded yet another whistleblower the sum of $1 million for information that led to a successful enforcement action. In addition to providing valuable information, the individual also cooperated and worked with SEC staff on an ongoing basis, which saved the SEC time and resources.…