SEC Awards Nearly $3 Million to Whistleblower
The SEC awarded nearly $3 million to a whistleblower whose information and assistance led to a successful enforcement action.
The SEC announced an award of nearly $3 million to a whistleblower for providing critical information that led to a successful enforcement action. This award was funded by an investor protection fund financed through monetary sanctions paid by securities law violators. Since 2012, the SEC has distributed approximately $942 million to 186 individuals through this program.
The Securities and Exchange Commission has awarded nearly $3 million to a whistleblower whose original and timely information led to a successful enforcement action. The whistleblower's assistance was noted for helping to conserve significant SEC resources during the investigation. This award is part of a larger program that has distributed approximately $942 million to 186 individuals since 2012. All payments are sourced from an investor protection fund financed by sanctions collected from securities law violators. Under the program, awards can range from 10 to 30 percent of collected sanctions when they exceed $1 million. The SEC continues to maintain strict confidentiality for all whistleblowers as mandated by the Dodd-Frank Act.
Exhibits & Attached Documents (1)
Extracted insights
- $942.00M $942 million $100M–$1B
- $3.00M $3 million $1M–$10M
- $1.00M $1 million $1M–$10M
- person emily pasquinelli
- agency Securities and Exchange Commission
- agency the securities and exchange commission
- person whistleblower awards
- The Securities and Exchange Commission announced an award of nearly $3 million to a whistleblower
- Emily Pasquinelli said The whistleblower alerted the SEC to previously unknown conduct and then provided substantial additional assistance, which conserved a considerable amount of SEC resources
- The SEC has awarded approximately $942 million to 186 individuals
- All payments are made out of an investor protection fund established by Congress
- The SEC protects the confidentiality of whistleblowers
- Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action
- Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million
The Securities and Exchange Commission today announced an award of nearly $3 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. “The whistleblower alerted the SEC to previously unknown conduct and then provided substantial additional assistance, which conserved a considerable amount of SEC resources,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower. “We have recently given awards to a significant number of whistleblowers, like the one awarded today, who played an important role in our enforcement program’s success.” The SEC has awarded approximately $942 million to 186 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million. As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose any information that could reveal a whistleblower’s identity. For more information about the whistleblower program and how to report a tip, visit www.sec.gov/whistleblower.
The Securities and Exchange Commission today announced an award of nearly $3 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. “The whistleblower alerted the SEC to previously unknown conduct and then provided substantial additional assistance, which conserved a considerable amount of SEC resources,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower. “We have recently given awards to a significant number of whistleblowers, like the one awarded today, who played an important role in our enforcement program’s success.” The SEC has awarded approximately $942 million to 186 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million. As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose any information that could reveal a whistleblower’s identity. For more information about the whistleblower program and how to report a tip, visit www.sec.gov/whistleblower.