SEC Awards Whistleblower Over $5 Million for Enforcement Help
- Tipster helped investigation and agency ID witnesses
- Program has paid out over $1 billion in awards since inception
SEC headquarters in Washington, DC.
Photographer: Joshua Roberts/Bloomberg
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The US Securities and Exchange Commission awarded more than $5 million to a whistleblower who the agency says helped it bring a successful enforcement action.
The person provided information and “substantial” assistance to an SEC investigation, Creola Kelly, the head of the regulator’s whistleblower office, said in a Friday statement. The tipster helped the commission identify witnesses and draft information requests, the regulator said.