The Securities and Exchange Commission awarded more than $1.8 million to a whistleblower who provided critically important information assisting an enforcement action involving overseas misconduct. TheSEC’s redacted award order (pdf) didn’t provide other details about the whistleblower or the company involved. By law, the SEC protects the confidentiality of whistleblowers and doesn’t disclose information that could reveal their identity.
The SEC said the whistleblower provided “extensive and ongoing cooperation” that included the “review of documents and the provision of sworn testimony.”“The misconduct occurred abroad, and without the whistleblower’s tip and assistance, the violations at issue would have been difficult to identify,” chief of the SEC’s Office of the Whistleblower Jane Norberg said.
The SEC said the agency has made awards to at least four “overseas” whistleblowers.