SEC Awards More Than $1 Million to Whistleblower
The SEC awarded over $1 million to a confidential whistleblower whose original information and cooperation led to a successful enforcement action funded by violator sanctions.
The Securities and Exchange Commission announced an award of more than $1 million to a whistleblower whose timely and original information led to a successful enforcement action. The whistleblower provided critical documents and participated in interviews, saving the SEC significant time and resources while maintaining strict confidentiality under the Dodd-Frank Act. Since 2012, the SEC has distributed approximately $939 million to 182 individuals from the Investor Protection Fund, which is financed entirely by monetary sanctions from violators rather than harmed investors.
The Securities and Exchange Commission has awarded more than $1 million to a whistleblower whose information and assistance were instrumental in securing a successful enforcement action. The whistleblower provided original, timely, and credible information, including participating in interviews and supplying documents, which saved the SEC time and resources. Acting Chief Emily Pasquinelli emphasized that the whistleblower played a critical role in the timely reporting and successful resolution of securities law violations. The award amount falls within the statutory range of 10 percent to 30 percent of the money collected, applicable when monetary sanctions exceed $1 million. All payments are made from the Investor Protection Fund, which is financed entirely through monetary sanctions paid by securities law violators, ensuring no money is taken from harmed investors. Since the program's inception in 2012, the SEC has awarded approximately $939 million to 182 individuals. The Commission maintains strict confidentiality protections for whistleblowers, preventing the disclosure of any information that could reveal their identities. This announcement highlights the ongoing effectiveness of the whistleblower program in deterring securities fraud and protecting investors.
Exhibits & Attached Documents (1)
Extracted insights
- $939.00M $939 million $100M–$1B
- $1.00M $1 million $1M–$10M
- person emily pasquinelli
- agency sec staff with valuable information and ongoing assistance
- agency Securities and Exchange Commission
- agency the securities and exchange commission
- person whistleblower awards
- The Securities and Exchange Commission Announced An award of more than $1 million to a whistleblower
- The whistleblower Provided SEC staff with valuable information and ongoing assistance
- The whistleblower Participated in An interview with the staff
- The whistleblower Provided Documents and additional information
- Emily Pasquinelli Said Today’s whistleblower played a critical role in the SEC bringing an enforcement action
- The SEC Awarded Approximately $939 million to 182 individuals
- 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 more than $1 million to a whistleblower whose information and assistance led to an SEC enforcement action. The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in an interview with the staff and providing documents and additional information, saving the SEC time and resources. “Today’s whistleblower played a critical role in the SEC bringing an enforcement action,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower. “The whistleblower timely reported the securities law violations to the Commission and then played a key role in the successful resolution of the action.” The SEC has awarded approximately $939 million to 182 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 more than $1 million to a whistleblower whose information and assistance led to an SEC enforcement action. The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in an interview with the staff and providing documents and additional information, saving the SEC time and resources. “Today’s whistleblower played a critical role in the SEC bringing an enforcement action,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower. “The whistleblower timely reported the securities law violations to the Commission and then played a key role in the successful resolution of the action.” The SEC has awarded approximately $939 million to 182 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.