Friday, November 20, 2020

SEC Whistleblower Awarded $900,000 for Reporting Overseas Misconduct

The SEC confirmed the award in an order, finding

we positively assessed the following facts: (i) Claimant provided significant and timely information that resulted in the significant expansion of the staff’s investigation and resulting Commission charges; (ii) Claimant assisted in the staff’s investigation by submitting additional information that helped expedite the investigation; and (iii) there are important law enforcement interests here in that Claimant identified alleged violations that were occurring overseas, some of which would have been difficult to detect in the absence of Claimant’s information.


 



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