SEC Whistle-Blower Gets $28 Million in Another Huge 2020 Payout
- Tipster’s information led to a successful enforcement action
- Agency has paid out $715 million since first award in 2012
Photographer: Joshua Roberts/Bloomberg
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The U.S. Securities and Exchange Commission paid $28 million to a whistle-blower who provided information that led to a successful enforcement action, adding to the eye-popping awards that tipsters have received from the agency this year.
“In the past month alone, the commission has awarded four whistle-blowers over $150 million,” Jane Norberg, chief of the SEC’s office of the whistle-blower, said in a statement. “I hope our recent awards will continue to incentivize whistle-blowers to come forward to report potential fraud or other wrongdoing.”