SEC Awards More Than $1 Million to Whistleblower
The SEC awarded over $1 million to a whistleblower whose information and cooperation led to multiple successful enforcement actions
The SEC awarded over $1 million to a whistleblower whose information and cooperation led to multiple successful enforcement actions. The whistleblower provided valuable insights and participated in interviews, significantly aiding the SEC's investigation and saving resources. The SEC has awarded approximately $938 million to 179 individuals since 2012, funded by sanctions from securities law violators. Whistleblowers may receive 10 to 30% of collected sanctions exceeding $1 million, and their identities are protected under the Dodd-Frank Act.
The SEC awarded over $1 million to a whistleblower whose information and cooperation led to multiple successful enforcement actions. The whistleblower provided valuable insights and participated in interviews, significantly aiding the SEC's investigation and saving resources. The SEC has awarded approximately $938 million to 179 individuals since 2012, funded by sanctions from securities law violators. Whistleblowers may receive 10 to 30% of collected sanctions exceeding $1 million, and their identities are protected under the Dodd-Frank Act. The SEC awarded over $1 million to a whistleblower whose information and assistance led to multiple successful enforcement actions. The whistleblower provided valuable information and ongoing cooperation, which helped the SEC save time and resources during the investigations. Since 2012, the SEC has awarded approximately $938 million to 179 individuals from an investor protection fund funded by sanctions paid by securities law violators. Whistleblower awards can range from 10 to 30% of collected sanctions exceeding $1 million, and the SEC maintains the confidentiality of whistleblowers as mandated by the Dodd-Frank Act.
Exhibits & Attached Documents (1)
Extracted insights
- $938.00M $938 million $100M–$1B
- $1.00M $1 million $1M–$10M
- agency acting chief of sec's office of the whistleblower
- person emily pasquinelli
- company investor protection fund
- agency monetary sanctions paid to sec by securities law violators
- agency multiple successful sec enforcement actions
- agency Securities and Exchange Commission
- person whistleblower awards
- SEC announced award of more than $1 million to whistleblower
- Whistleblower provided information and assistance leading to multiple successful SEC enforcement actions
- Emily Pasquinelli is Acting Chief of SEC's Office of the Whistleblower
- Whistleblower's information prompted opening of investigation
- SEC awarded approximately $938 million to 179 individuals since 2012
- Investor protection fund financed by monetary sanctions paid to SEC by securities law violators
- Whistleblower awards can range from 10 to 30% of money collected when sanctions exceed $1 million
- Dodd-Frank Act requires SEC to protect confidentiality of whistleblowers
The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to multiple successful SEC enforcement actions. The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in interviews with the staff. "Today's whistleblower played a critical role in the SEC bringing these important enforcement actions," said Emily Pasquinelli, Acting Chief of the SEC's Office of the Whistleblower. "The whistleblower's information prompted the opening of the investigation, and their continued cooperation saved significant SEC staff time and resources." The SEC has awarded approximately $938 million to 179 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 to 30% 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 multiple successful SEC enforcement actions. The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in interviews with the staff. "Today's whistleblower played a critical role in the SEC bringing these important enforcement actions," said Emily Pasquinelli, Acting Chief of the SEC's Office of the Whistleblower. "The whistleblower's information prompted the opening of the investigation, and their continued cooperation saved significant SEC staff time and resources." The SEC has awarded approximately $938 million to 179 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 to 30% 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.