Whistleblower awarded more than $1.8 million


The Securities and Exchange Commission (SEC) announced that they have awarded more than $1.8 million to a whistleblower.

The whisteblower alerted SEC about a misconduct committed overseas and provided extensive and ongoing cooperation during the course of the investigation, including the review of documents.

The whistleblower in this matter provided stellar information and ongoing assistance that resulted in the Commission bringing a programmatically significant enforcement action,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “Moreover, the misconduct occurred abroad, and without the whistleblower’s tip and assistance, the violations at issue would have been difficult to identify.

The agency have awarded approximately $387 million to 66 individuals since issuing their first award in 2012. 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.

Whistleblower awards can range from 10% to 30% of the money collected when the monetary sanctions exceed $1 million.

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