SEC awards more than $6m to whistleblowers

From: RegTech Analyst

The Securities and Exchange Commission has awarded over $6m to joint whistleblowers whose information and assistance led to the successful enforcement of SEC and related actions.

“The whistleblowers’ information led to multiple successful government actions related to a complex scheme involving several individuals and tens of millions of dollars in ill-gotten gains,” said Jane Norberg, chief of the office of the whistleblower at the SEC.

“Today’s award demonstrates the significant contributions whistleblowers make to investigations that can save the SEC and other government agencies substantial time and resources.”

The SEC has awarded approximately $728m to 118 individuals since issuing its first award in 2012. This includes awards to 12 individuals in the first two months of this fiscal year, totalling more than $166m.

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