The Securities and Exchange Commission on Monday announced the award of more than $10 million to a whistleblower whose information formed the basis of a successful enforcement action.
The tipster voluntarily gave the agency information, according to the SEC, and “provided Enforcement staff with extensive and ongoing assistance during the course of the investigation, including identifying witnesses and helping staff understand complex fact patterns and issues related to the matters under investigation.” The SEC also noted the whistleblower endured hardships amid the process.
