SEC awards $1.1 million to whistleblowers who assisted in investigations

On January 7, five whistleblowers were awarded more than $1.1 million by the U.S. Securities and Exchange Commission (SEC) for their help in various stages of investigations that led to successful enforcement actions.[1] Of that total, one whistleblower was awarded nearly $600,000 for continuing “to provide helpful assistance by meeting with investigative staff in-person, providing documents, and identifying witnesses.” It is important for compliance and ethics professionals to note that “[t]he whistleblower also repeatedly reported the concerns internally in an effort to remedy the violations.”

This document is only available to members. Please log in or become a member.
 


Would you like to read this entire article?

If you already subscribe to this publication, just log in. If not, let us send you an email with a link that will allow you to read the entire article for free. Just complete the following form.

* required field