The Securities and Exchange Commission (SEC) on Monday announced the award of $300,000 to a whistleblower with audit-related responsibilities, a rarity for the program.
Of the agency’s 124 awards distributed to individuals since the first in 2012, only four have been paid out to whistleblowers in the audit/compliance space. Tipsters to hold a such a position are generally considered ineligible for awards, though exceptions may be made based on certain circumstances.
