The Securities and Exchange Commission Friday awarded more than $5.5 million to a whistleblower who provided critical information that helped uncover and stop an ongoing scheme.
Entries in Office of the Whistleblower (22)
The Securities and Exchange Commission awarded more than $900,000 to a whistleblower Friday whose tip led to multiple SEC enforcement actions.
The Securities and Exchange Commission Monday awarded more than $20 million to a whistleblower who helped the SEC act "against wrongdoers before they could squander the money."
The SEC Tuesday awarded a whistleblower more than $4 million for original information that alerted the agency to a fraud.
After this week's $22 milion award to a whistleblower, SEC leaders called the whistleblower program a game changer that has transformed the SEC's ability to protect investors.
The SEC awarded more than $22 million Tuesday to a whistleblower whose "detailed tip and extensive assistance" helped stop a well-hidden fraud at the company where the whistleblower worked.
David J. Marshall: SEC breaks new ground, bans employer-imposed waiver of right to whistleblower award
The Securities and Exchange Commission sent a strong message to employers nationwide last week when it issued a cease-and-desist order against a company that required departing employees, as a condition of receiving severance, to sign an agreement waiving their right to any award from the SEC Whistleblower Program for reporting securities law violations.
The Securities and Exchange Commission Wednesday said an Atlanta-based building products distributor violated securities laws by using severance agreements that required departing employees to waive their rights to recover money from any whistleblower claims they filed with the SEC or other federal agencies.
The SEC has now awarded more than $85 million to 32 whistleblowers since the whistleblower program started in 2011.
The Securities and Exchange Commission awarded more than $450,000 jointly to two individuals Friday for a tip that led the SEC to open a corporate accounting investigation and for their help once the investigation was underway.