Whistleblower awarded over $10 million

On September 14, 2020, the US Securities and Exchange Commission announced the award of over $10 million to a single whistleblower for voluntarily providing original information that led to a successful enforcement action.  Without specifying the exact amount of the award, the SEC noted that the whistleblower had provided “extensive and ongoing assistance to the investigative team over the course of the investigation,” had identified witnesses for the SEC, and had helped the agency understand complex fact patterns and issues related to the investigation, after having made persistent efforts to remedy the issues.  The SEC added that the SEC staff used the information to create an investigation work plan and to craft document requests.  

SEC press release | SEC order