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SEC awards $4M to overseas whistleblower

Jaclyn Jaeger | September 25, 2018

The Securities and Exchange Commission has awarded nearly $4 million to an overseas whistleblower whose “extensive assistance” helped it bring a successful enforcement action, the agency announced on Sept. 24.

“Whistleblowers, whether they are located in the United States or abroad, provide a valuable service to investors and help us stop wrongdoing,” Jane Norberg, Chief of the SEC’s Office of the Whistleblower said in a statement. “This award recognizes the continued, important assistance provided by the whistleblower throughout the course of the investigation.”

Since issuing its first award in 2012, the SEC says it has awarded over $326 million to 59 individuals. In that time, more than $1.7 billion in monetary sanctions have been ordered against wrongdoers based on actionable information received by whistleblowers.

Whistleblowers may be eligible for an award when they voluntarily provide the SEC...

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