Skip to main content
Tags: sec | whistleblowers | reward | enforcement | tip

SEC Awards Whistleblowers $6M for Enforcement Tip

By    |   Monday, 21 April 2025 04:36 PM EDT

The Securities and Exchange Commission said Monday it awarded about $6 million to joint whistleblowers who provided information that led to an investigation and provided a road map for an "enforcement action."

"Today's award illustrates that the agency can leverage whistleblower information in various ways, including by prompting an examination," Jonathan Carr, acting chief of the SEC's Office of the Whistleblower, said in a news release. "If that examination ultimately results in an enforcement action, the whistleblower may be eligible for an award."

Under guidelines of the SEC's whistleblower program, created by Congress in 2010 through the Dodd-Frank Wall Street Reform and Consumer Protection Act, the agency said it "protects the confidentiality of whistleblowers and does not disclose any information that could reveal a whistleblower's identity." Likewise, the agency didn't name the target of its investigation.

The SEC said whistleblowers are eligible for monetary awards when they voluntarily provide it "with original, timely, and credible information that leads to a successful enforcement action." Awards can range from 10% to 30% of the money collected by the SEC should monetary sanctions exceed $1 million.

The agency also said payments to whistleblowers are made out of an investor protection fund from financial sanctions "paid to the SEC by securities law violators."

Michael Katz

Michael Katz is a Newsmax reporter with more than 30 years of experience reporting and editing on news, culture, and politics.

© 2025 Newsmax. All rights reserved.


Newsfront
The Securities and Exchange Commission said Monday it awarded about $6 million to joint whistleblowers who provided information that led to an investigation and provided a road map for an "enforcement action."
sec, whistleblowers, reward, enforcement, tip
209
2025-36-21
Monday, 21 April 2025 04:36 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved