Overseas whistleblower awarded $4 million
The Securities and Exchange Commission awarded an overseas whistleblower $4 million for “extensive assistance” resulting in a successful action, the agency said Monday.
Chief of the SEC’s Office of the Whistleblower Jane Norberg said, “Whistleblowers, whether they are located in the United States or abroad, provide a valuable service to investors and help us stop wrongdoing.”
“This award recognizes the continued, important assistance provided by the whistleblower throughout the course of the investigation,” Norberg said.
In Monday’s order (pdf), the SEC said the outcome of the action was a direct result of the whistleblower’s tip.
The SEC didn’t specify the citizenship of the whistleblower.
Last year, a foreign national working outside the United States was awarded $4.1 million for providing information on “a widespread, multi-year securities law violation.”
In 2014, the SEC awarded an overseas whistleblower $30 million.… Continue Reading
