The U.S. SEC announced an award of over $1.1 million to a whistleblower whose independent analysis led to a look at new conduct during an ongoing investigation. This whistleblower investigated publicly available materials and conducted an analysis that revealed important new insights into securities law violations.
Whistleblowers are perhaps the most important weapon in the fight against cybercrime, scams and regulatory violations. The U.S. SEC recently awarded $3.8 million to a whistleblower who provided significant information that helped the SEC disrupt an ongoing fraudulent scheme. The resulting enforcement action returned millions of dollars to harmed investors.