The SEC awarded more than $9 million to a whistleblower whose information and assistance led to a successful enforcement action.

• After repeatedly internally reporting the concerns, the whistleblower alerted SEC’s Enforcement Division to the conduct, prompting the opening of the investigation
  • “The whistleblower in this case provided critical information and continuing assistance that helped the agency recover millions of dollars for harmed investors,” said Creola Kelly, Chief of the SEC’s Office of the Whistleblower
• Payments to whistleblowers are made out of an investor protection fund, established by Congress, which is financed entirely through monetary sanctions paid to the SEC by ...
  
  
  
  
  
  

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Read Full Story: https://news.google.com/rss/articles/CBMicWh0dHBzOi8vbmV3cy5ibG9vbWJlcmdsYXcu...