SEC Awards More Than $16 Million to Two Whistleblowers
The Securities and Exchange Commission today announced awards of more than $16 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the investigation and provided information on difficult-to-detect violations. This whistleblower also identified key witnesses and provided critical information, which helped staff in their investigation. As a result, this whistleblower will receive an award of approximately $13 million . The second whistleblower submitted important new information during the course of the investigation and will receive an award of more than $3 million. "The information and assistance provided by these two whistleblowers in helping to identify complex wrongdoing demonstrates the importance of the whistleblower program to the SEC’s enforcement efforts ," said Creola Kelly, Chief of the SEC’s Office of the Whistleblower. "These whistleblowers reporte...