A pair of whistleblowers were awarded over $50 million by the Securities and Exchange Commission (SEC) on Thursday for helping the agency uncover violations involving complex transactions that “would have been difficult to detect without their information.”
The tips were the result of numerous interviews between the two whistleblowers and SEC investigators and were supported by extensive documentation. The information led to a covered action that “resulted in the return of tens of millions of dollars to harmed investors,” the SEC said in a press release.
