The Securities and Exchange Commission announced an aggregate award of approximately $3 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action. The whistleblowers separately and independently provided SEC staff with valuable information and ongoing assistance, which included participating in multiple interviews with the staff and providing helpful documents.
“Today’s whistleblowers played an instrumental role in helping the SEC bring this important action,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower. “The first whistleblower provided information early in the investigation and helped SEC staff develop its case and focus its resources, while the second whistleblower helped staff uncover misappropriated funds and fraudulent transfers.”
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