The agency didn’t divulge details of the cases or name the informant, but said the award was more than double the previous record.
The Securities and Exchange Commission announced Friday that it had given out its largest-ever whistleblower reward to a tipster who proved to be instrumental in more than one enforcement case.
“The... The Securities and Exchange Commission announced Friday that it had given out its largest-ever whistleblower reward to a tipster who proved to be instrumental in more than one enforcement case. “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, but also reflects the tremendous success of our whistleblower program,” said Gurbir Grewal, head of the SEC’s enforcement division.
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