The details are slight, but the numbers are impressive.

The Securities and Exchange Commission said on Oct. 31 that it had awarded more than $10 million to a whistleblower "who provided information and assistance that significantly contributed to a successful SEC enforcement action."

The whistleblower provided important documents and met twice with enforcement staff, the SEC said, noting that the covered action "had a close nexus with the whistleblower’s allegations, which were critical to the underlying investigation."

“The whistleblower awarded today provided information that resulted in the return of a significant amount of money to harmed investors,” Creola Kelly, chief of the SEC’s Office of the Whistleblower, said in a statement.

Working to Benefit Investors

“This illustrates how the Whistleblower Program works to benefit, via financial remediation, investors who are victimized by those who violate our securities laws," Kelly said.

The SEC did not provide any more information about the case, with a spokesperson saying the agency does not comment beyond public filings.

The whistleblower program, which was established in 2010, has awarded more than $1.3 billion.

Last year, the SEC recorded the largest number of whistleblower tips received in a fiscal year since the program's inception, racking up over 12,200 tips, the agency said in its annual report.

This was a 76% increase from fiscal year 2020, the second highest tip year, and a more than 300% increase since the...

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