The Securities and Exchange Commission (SEC) has paid out approximately $119 million to 20 whistleblowers in the past 10 months, a trend the agency continued Tuesday when it announced a $3.8 million award.
The whistleblower who earned the most recent award provided “significant information that helped the SEC disrupt an ongoing fraudulent scheme” leading to an enforcement action that “returned millions of dollars to harmed investors,” the SEC said in a press release.
