Settlement Amount:
$325,000
A former investment firm employee who tipped the U.S. Securities and Exchange Commission (SEC) with information that began an investigation which exposed fraudulent activity was awarded more than $325,000.
The Whistleblower, after leaving the firm, fully exposed the individuals behind the misconduct and illegal behavior to the U.S. Securities and Exchange Commission. If the Whistleblower had come forward sooner, the award could have been higher.
The U.S. Securities and Exchange Commission whistleblower program has paid millions to whistleblowers who provided them with valuable information that contributed to a successful enforcement action.
By law, the U.S. Securities and Exchange Commission protects the confidentiality of whistleblowers and does not disclose information that might reveal a whistleblower’s identity.
