Foreign national whistleblowers continue to play a strong role in the Securities and Exchange Commission’s whistleblower program, highlighted by the most recent award of $500,000 to an overseas informant.
On Tuesday, in a brief announcement, the SEC said the whistleblower’s “expeditious reporting” helped the agency bring a successful enforcement action. No further information was provided: As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal their identity.
