Two whistleblowers will share more than $12 million for their help in a successful Securities and Exchange Commission enforcement action, the regulator announced Friday.
The first of the two whistleblowers will receive more than $9 million, as the person sparked the investigation, identified witnesses and made “persistent efforts” to remedy the issues, according to a statement from the regulator. The second individual will get more than $3 million for submitting “important” new information.
“The information and assistance provided by these two whistleblowers in helping to identify complex wrongdoing demonstrates the importance of the whistleblower program to the SEC’s enforcement ...
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