As is the commission’s policy under the Dodd-Frank Act, the name of the award's recipient wasn’t disclosed.
The Securities and Exchange Commission announced last week that it has awarded a whistleblower a record $279 million for information aiding a successful action by the regulator.
The latest award is more than double the previous record of $114 million, issued in October 2020, according to the regulator.
The SEC said it does not identify whistleblowers as it’s bound by the Dodd-Frank Act to keep such information confidential.
"The whistleblower’s sustained assistance including multiple interviews and written submissions was critical to the success of these actions," Creola Kelly, chief of the SEC’s Office of the Whistleblower, said in the announcement. "While the whistleblower’s information did not prompt the opening of the Commission’s investigation, their information expanded the scope of misconduct charged."
SEC whistleblower awards can range between 10% and 30% of the money collected in sanctions exceeding $1 million and come from the investor protection fund financed by sanctions paid to the commission, according to the regulator.
The whistleblower program was set up in 2010 as part of the Dodd-Frank financial-reform package.
"The size of today’s award — the highest in our program’s history — not only incentivizes whistleblowers to come forward with accurate information about potential securities law violations,...
Important Information Regarding Section 20(a) Individual Liability Claims NEW YORK, May 7, 2026 /PRNewswire/ -- SueWallSt alerts investors in Coty Inc. (NYSE: COTY) of a pending securities class ac...