SEC Issues Whistleblower Awards Totaling Nearly $5.3 Million
summary
The SEC awarded nearly $5.3 million to whistleblowers whose information and assistance led to successful enforcement actions.
paragraph
The SEC announced awards of nearly $4 million to one whistleblower and approximately $1.3 million to three others for providing critical information. These awards were granted following investigations that resulted in successful enforcement actions against securities law violators. The payments are sourced from an investor protection fund established by Congress and are not taken from harmed investors.
narrative
The Securities and Exchange Commission has awarded nearly $5.3 million to whistleblowers for their roles in successful enforcement proceedings. One whistleblower received nearly $4 million after providing extraordinary assistance, including identifying witnesses and participating in extensive interviews. Additionally, three individuals were awarded approximately $1.3 million for providing information that prompted investigations. These awards are funded by an investor protection fund financed through monetary sanctions paid by violators. According to the SEC, whistleblower awards can range from 10 to 30 percent of collected sanctions when they exceed $1 million. The Commission continues to protect whistleblower confidentiality as mandated by the Dodd-Frank Act.
Classified non-corporate(confidence 90%). No EDGAR filing fingerprint (criminal/DOJ-side scheme). detection rule →
Parties
emily pasquinellikey witnessesno moneysec time and resourcesSecurities and Exchange Commissionthat caused the sec to open an investigationthe investor protection fundthe securities and exchange commissionthrough monetary sanctions paid to the sec by securities law violatorswhistleblower awards
Keywords
secwhistleblowerinformationmillionwhistleblower awardsnearly millionprovidedenforcement actionawardsnearlywhistleblowersassistanceenforcementissues whistleblowerawards totaling
Exhibits & Attached Documents (2)
Extracted insights
Dollar amounts 5
- $937.00M $937 million $100M–$1B
- $5.30M $5.3 million $1M–$10M
- $4.00M $4 million $1M–$10M
- $1.30M $1.3 million $1M–$10M
- $1.00M $1 million $1M–$10M
Entities 10
- person emily pasquinelli
- person key witnesses
- person no money
- agency sec time and resources
- agency Securities and Exchange Commission
- agency that caused the sec to open an investigation
- company the investor protection fund
- agency the securities and exchange commission
- agency through monetary sanctions paid to the sec by securities law violators
- person whistleblower awards
Triples 21
- The Securities and Exchange Commission Announced Awards nearly $5.3 million to whistleblowers
- The SEC Awarded a whistleblower nearly $4 million
- The whistleblower Provided Information that caused the SEC to open an investigation
- The whistleblower Participated In hours of telephonic interviews
- The whistleblower Communicated With investigative staff dozens of times
- The whistleblower Identified key witnesses
- The whistleblower Provided documents to the staff
- The SEC Awarded approximately $1.3 million to three individuals
- The first claimant Provided substantial, ongoing assistance
- The first claimant Conserved SEC time and resources
- The first claimant Played A Role In the success of the enforcement action
- Emily Pasquinelli Said These whistleblowers provided critical information
- Emily Pasquinelli Said Their information and continuing assistance played a key role in the successful resolution of the actions
- The SEC Awarded approximately $937 million to 178 individuals
- The SEC Pays out of an investor protection fund established by Congress
- The investor protection fund Is Financed 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
- Whistleblower awards Can Range From 10 percent to 30 percent of the money collected
- The SEC Protects the confidentiality of whistleblowers
- The SEC Does Not Disclose any information that could reveal a whistleblower’s identity
PDF (from attached: pdf)
Text layers
Extracted body text (2,225c)
The Securities and Exchange Commission today announced awards of nearly $5.3 million to whistleblowers who provided information and assistance in separate enforcement proceedings. In the first order, the SEC awarded a whistleblower nearly $4 million for providing information that caused the SEC to open an investigation that led to a successful enforcement action. The whistleblower provided extraordinary assistance, participating in hours of telephonic interviews and communicating dozens of times with investigative staff. The whistleblower also identified key witnesses and provided documents to the staff. In the second order, the SEC awarded approximately $1.3 million to three individuals who provided information that prompted the opening of an investigation. The first claimant, who received the largest award, provided substantial, ongoing assistance that conserved SEC time and resources and played an important role in the success of the enforcement action. “These whistleblowers provided critical information that alerted Commission staff of the violations,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower. “Their information and continuing assistance played a key role in the successful resolution of the actions.” The SEC has awarded approximately $937 million to 178 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.
OCR text (2,225c · html-text · 99% conf)
The Securities and Exchange Commission today announced awards of nearly $5.3 million to whistleblowers who provided information and assistance in separate enforcement proceedings. In the first order, the SEC awarded a whistleblower nearly $4 million for providing information that caused the SEC to open an investigation that led to a successful enforcement action. The whistleblower provided extraordinary assistance, participating in hours of telephonic interviews and communicating dozens of times with investigative staff. The whistleblower also identified key witnesses and provided documents to the staff. In the second order, the SEC awarded approximately $1.3 million to three individuals who provided information that prompted the opening of an investigation. The first claimant, who received the largest award, provided substantial, ongoing assistance that conserved SEC time and resources and played an important role in the success of the enforcement action. “These whistleblowers provided critical information that alerted Commission staff of the violations,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower. “Their information and continuing assistance played a key role in the successful resolution of the actions.” The SEC has awarded approximately $937 million to 178 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.