The SEC awarded approximately $3.5 million to a whistleblower for coming forward with information that led to an SEC enforcement action. To date, the SEC whistleblower program has awarded approximately $135 million to 36 whistleblowers since issuing its first award in 2012. Jane Norberg, Chief of the SEC Office of the Whistleblower, stated:
"SEC enforcement actions from
whistleblower tips have resulted in more than $874 million in
financial remedies. Whistleblowers do a tremendous service to the
investing public and we will continue to reward those who come
forward with valuable tips that help us bring successful cases
against those who violate the securities laws."
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
