The Securities and Exchange Commission today announced an award of nearly $600,000 to a whistleblower whose tip led to the success of an enforcement action. The whistleblower substantially contributed to an open investigation by providing detailed and highly valuable information resulting in critical investigative leads.
“The whistleblower met with staff multiple times and provided substantial assistance to the investigation that led to the SEC’s enforcement action,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “Since the beginning of October, the Commission has awarded 28 individuals over $176 million in whistleblower awards, which already surpasses the total dollar amount awarded in the entirety of any prior fiscal year. We hope these awards continue to encourage individuals with information regarding possible securities laws violations to report to the Commission.”
Many believe that a whistleblower who retains a whistleblower attorney to assist in the investigation and filing of a whistleblower tip and claim have a greater chance of a recovery. Whistleblower tips and claims are confidential. For more information call Sallah Astarita & Cox at 212-509-6544. The consultation is free, and whistleblowers are represented on a contingency basis. No recovery, no fee.