SEC Grants Whistleblower Record $279 Million Award

The US Securities and Exchange Commission (SEC) has issued its largest-ever whistleblower award of $279m, more than double the previous record of $114m. The award comes from an investor protection fund established by Congress and is funded via collected monetary sanctions paid to the SEC by securities law violators. The whistleblower must provide information that directly assists the SEC in successfully imposing enforcement actions on a particular case. The SEC did not reveal the specific case the whistleblower award relates to or the name of the whistleblower to protect their privacy.