The SEC last week announced it will jointly award more than $450,000 to two individuals for a tip that led the agency to open a corporate accounting investigation and for their assistance once the investigation was underway.
The whistleblower award is the third announced by the SEC in the past week, bringing the past week’s payouts to $10 million.
“The recent flurry of awards reflects the high-quality nature of the tips the SEC is receiving as public awareness of the whistleblower program grows,” Sean McKessy, Chief of the SEC’s Office of the Whistleblower, said in a statement. “These two individuals not only submitted valuable tips to help open our investigation, but also provided valuable assistance as we proceeded, showing that our program particularly rewards those eager to continue helping us throughout the process of bringing an enforcement action.”
The SEC’s whistleblower program has now awarded more than $68 million to 31 whistleblowers since the program’s inception in 2011.