SEC continues whistleblower award surge with $2M payout. Exposing Misconduct.

SEC continues whistleblower award surge with $2M payout

April 3, 2020

The Securities and Exchange Commission on Friday announced the award of $2 million to a whistleblower whose information and assistance “substantially contributed” to an ongoing investigation.

The award extends a flurry of recent activity for the SEC’s Office of the Whistleblower. The agency has announced five awards in the last 12 days and eight during the year—already matching the total of all of 2019.

A big difference, though, has been value: The SEC paid out approximately $60 million to last year’s eight tipsters. This year’s whistleblowers have so far received approximately $11.9 million in combined payouts.

Read more here.
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