On June 14, 2021, the Securities and Exchange Commission (“SEC”) revealed a total award of approximately $3 million to two whistleblowers. According to the SEC’s press release, the whistleblowers separately and independently provided the SEC with valuable information and ongoing assistance, which included participating in multiple interviews and providing helpful documents. The whistleblowers’ assistance led…
Continue reading ›The Securities and Exchange Commission (“SEC”) began the month of June 2021 by announcing awards of approximately $13 million and $10 million to two whistleblowers whose whistleblower tips led to successful SEC enforcement actions and related actions. In addition to the initial tips, the whistleblowers also provided the SEC and another federal agency with substantial…
Continue reading ›The Securities and Exchange Commission (“SEC”) announced an award of more than $28 million to a whistleblower whose information led to both an SEC enforcement action and an investigation by another federal agency. The regulatory actions resulted in significant enforcement actions. According to Reuters, the whistleblower’s tip led U.S. authorities to bring bribery charges against…
Continue reading ›On May 12, 2021, the Securities and Exchange Commission (“SEC”) announced an award of approximately $3.6 million to a whistleblower who brought valuable information to the SEC’s attention, which lead to an investigation that ended in a successful SEC enforcement action. According to Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower, the…
Continue reading ›On May 10, 2021, the Securities and Exchange Commission (“SEC”) announced an award of approximately $22 million to two whistleblowers whose information and assistance aided the SEC that resulted in successful SEC enforcement actions brought against a financial services firm. The first whistleblower, who was the initial source of the investigation, received an award of…
Continue reading ›On April 9, 2021, the Securities and Exchange Commission (“SEC”) announced an award of approximately $2,500,000 to a whistleblower who provided information and assistance that resulted in a successful SEC enforcement action. The whistleblower provided crucial evidence that supported charges related to a breach of fiduciary duties owed to investors, according to Jane Norberg, Chief…
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