On January 23, the SEC announced that its whistleblower program will pay out to three whistleblowers a combined award of $7 million. The whistleblowers’ awards were for helping the SEC pursue an investment scheme.
One whistleblower gave the SEC the initial information that launched the SEC investigation. That whistleblower will receive more than $4 million. Two other whistleblowers jointly provided additional evidence that also contributed to the SEC’s successful enforcement action. Those two whistleblowers will split more than $3 million.