SEC Announces $36 Million Award to Whistleblower

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On September 24, 2021, the SEC announced an approximately $36 million award to a whistleblower who provided critical information to the SEC that contributed to a successful enforcement action.  (The order granting the award can be accessed here.)

Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower noted that “[w]histleblowers can act as a springboard for an investigation or, like here, they can propel forward an already existing investigation.”

Since issuing its first whistleblower award in 2012, the SEC has awarded approximately $1.1 billion to 214 individuals.

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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