The Securities and Exchange Commission has issued its first whistleblower award of $300,000 to a compliance auditor for a company. The whistleblower reported financial wrongdoing to the SEC after the company failed to take action after the employee reported it internally.

The Securities and Exchange Commission announced Friday that is has awarded its first whistleblower award to an employee who performed audit and compliance functions.

The employee, who was awarded more than $300,000, reported wrongdoing to the SEC after the company failed to take action when the employee reported it internally.