SEC Issues Over $5 Million to Joint Whistleblowers Located Abroad
The SEC awarded over $5 million to joint whistleblowers whose tip led to a successful enforcement action involving misconduct abroad
The SEC awarded over $5 million to joint whistleblowers whose tip led to a successful enforcement action involving misconduct abroad. The whistleblowers provided significant information that directly supported the allegations in the case. The award is funded by an investor protection fund established by Congress, with no money taken from harmed investors. Whistleblowers may receive 10-30% of collected sanctions if they provide original, timely, and credible information leading to a successful enforcement action. Since 2012, the SEC has awarded approximately $758 million to 142 individuals.
The SEC awarded over $5 million to joint whistleblowers whose tip led to a successful enforcement action involving misconduct abroad. The whistleblowers provided significant information that directly supported the allegations in the case. The award is funded by an investor protection fund established by Congress, with no money taken from harmed investors. Whistleblowers may receive 10-30% of collected sanctions if they provide original, timely, and credible information leading to a successful enforcement action. Since 2012, the SEC has awarded approximately $758 million to 142 individuals. The Securities and Exchange Commission (SEC) awarded over $5 million to joint whistleblowers whose information led to a successful enforcement action involving misconduct abroad. The whistleblowers provided significant, credible information that helped the SEC investigate and take action against securities law violations. The award comes from an investor protection fund financed by sanctions paid to the SEC, with no funds taken from harmed investors. Whistleblowers may receive 10-30% of collected sanctions if they provide original, timely information leading to a successful enforcement action. Since 2012, the SEC has awarded approximately $758 million to 142 individuals.
Exhibits & Attached Documents (1)
Extracted insights
- $758.00M $758 million $100M–$1B
- $5.00M $5 million $1M–$10M
- $1.00M $1 million $1M–$10M
- agency chief of sec's office of the whistleblower
- person jane norberg
- person joint whistleblowers
- person misconduct abroad
- agency Securities and Exchange Commission
- person whistleblower awards
- SEC announced award of over $5 million to joint whistleblowers
- Joint Whistleblowers caused opening of investigation resulting in successful enforcement action
- Whistleblowers provided information about misconduct abroad
- Jane Norberg is Chief of SEC's Office of the Whistleblower
- Whistleblowers provided tips from 130 different countries
- SEC awarded approximately $758 million to 142 individuals since 2012
- Whistleblower Awards funded by investor protection fund established by Congress
- Whistleblower Awards range from 10-30% 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 over $5 million to joint whistleblowers whose tip caused the opening of an investigation that resulted in a successful enforcement action. The whistleblowers provided significant information about misconduct abroad that directly supported certain allegations in the enforcement action. “The whistleblowers’ information alerted the staff to misconduct occurring abroad which could have been difficult to detect without their tip,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “Whistleblowers from 130 different countries have provided tips to the Commission since the beginning of the program, and we hope this award encourages others with credible information to come forward.” The SEC has awarded approximately $758 million to 142 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 10-30% 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 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 over $5 million to joint whistleblowers whose tip caused the opening of an investigation that resulted in a successful enforcement action. The whistleblowers provided significant information about misconduct abroad that directly supported certain allegations in the enforcement action. “The whistleblowers’ information alerted the staff to misconduct occurring abroad which could have been difficult to detect without their tip,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “Whistleblowers from 130 different countries have provided tips to the Commission since the beginning of the program, and we hope this award encourages others with credible information to come forward.” The SEC has awarded approximately $758 million to 142 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 10-30% 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 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.