Welcome
Securities Law News

Whistleblower Gets $1.8 Million for Helping SEC Overseas

Aug. 29, 2019, 7:59 PM

An unnamed tipster raked in more than $1.8 million from the SEC for assisting the agency with a major case involving wrongdoing outside the U.S., the commission said.

The “programmatically significant enforcement action,” which the Securities and Exchange Commission didn’t identify, would have been difficult to bring without the whistleblower’s help, Jane Norberg, chief of the SEC’s Office of the Whistleblower, said Aug. 29.

The agency hadn’t heard about the misconduct before the tipster came forward, according to an SEC order. The individual then helped the SEC’s Enforcement Division staff review documents and provided them with sworn testimony, investigative...

To read the full article log in. To learn more about a subscription click here.