SEC awards $3 million to whistleblower

The U.S. Securities and Exchange Commission said Wednesday it has awarded nearly $3 million to a whistleblower whose information and assistance led to a successful enforcement action.

“The whistleblower alerted the SEC to previously unknown conduct and then provided substantial additional assistance, which conserved a considerable amount of SEC resources,” said Emily Pasquinelli, acting chief of the SEC’s Office of the Whistleblower, in a statement.

“We have recently given awards to a significant number of whistleblowers, like the one awarded today, who played an important role in our enforcement program’s success.”  

The SEC does not disclose information that could reveal a whistleblower’s identity.

In May, the agency issued awards for more than $28 million and followed that up two days later with awards totaling more than $31 million.