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.…
The SEC recently announced it has awarded several whistleblowers a total of $5.3 million who provided information and assistance for separate enforcement proceedings. In the first case, the whistleblower received an SEC bounty of $4 million for “extraordinary assistance” and information that led the SEC to open an investigation that…
In a recent announcement, two whistleblowers are sharing an SEC bounty of $3 million after supplying information that led to a successful enforcement action. The individuals worked separately and independently with SEC staff, providing information as well as continued assistance during the investigation. Both gave several interviews as well as…
On April 9, 2021, The SEC announced the award of $2.5 million to a whistleblower for information and assistance that led to a successful enforcement action. This case involved a breach of fiduciary duty that was owed to investors. The SEC determined that the individual voluntarily provided “significant ongoing assistance”…
The Securities and Exchange Commission (SEC) announced the awarding of two separate bounties to two whistleblowers, $13 million and $10 million, respectively. Both individuals provided significant assistance and information that led to several successful enforcement actions for the SEC as well as related actions for another federal agency. This means…
The Securities and Exchange Commission (SEC) announced that it awarded a whistleblower $4.2 million for critical and original information that led to a successful enforcement action. The individual tipped the SEC regarding specific possible violations of the federal securities laws that, in turn, caused an investigation to be opened. Once…
The Securities & Exchange Commission (SEC) announced its latest award of $9.2 million to a helpful whistleblower who offered assistance at their own expense. This individual traveled to be personally interviewed by the US Department of Justice, and paid for their travel out-of-pocket. As a result, their information led to…
A whistleblower who filed an internal report prior submitting a tip to the SEC has been awarded $500,000 by the agency. The information provided by the whistleblower gave the SEC and another agency what they needed to file actions quickly in order to stop a continuing fraudulent scheme. The individual…
The SEC has awarded two individuals more than $3M related to two agency separate enforcement actions. In the first, the agency awarded $3.2M to one individual who alerted the SEC to certain violations. The individual also gave the SEC crucial subject matter expertise, which conserved agency resources, as well as…