The SEC has announced awards totaling more than $3 million to two whistleblowers in separate enforcement proceedings.
In the first order, the SEC awarded approximately $3.2 million to a whistleblower who alerted SEC staff to violations, identified key issues for staff to focus on, and provided subject matter expertise to the staff that conserved SEC resources.
In the second order, the SEC awarded a whistleblower more than $100,000 for significant information and ongoing assistance. The whistleblower’s information and cooperation helped the SEC detect and stop an ongoing fraud preying on investors.
Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.