Page 6 - Covered Action News Today : Breaking News, Live Updates & Top Stories | Vimarsana

another record-breaking year. In the first 8 months of FY2021, the SEC has granted an additional $339 million to 57 individuals. This represents more than a third of the total $901 million awarded to 163 separate individuals since the SEC issued its first award pursuant to this program in 2012. This includes an award of $114 million in October 2020, the largest single award in the program’s history, which was covered in this recent post. It’s sometimes difficult to get a sense of what warrants these large awards. Typically, publicly available orders relating to whistleblower awards are h...

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By Aaron Nicodemus2021-04-15T16:02:00+01:00 A pair of whistleblowers were awarded over $50 million by the Securities and Exchange Commission (SEC) on Thursday for helping the agency uncover violations involving complex transactions that “would have been difficult to detect without their information.” The tips were the result of numerous interviews between the two whistleblowers and SEC investigators and were supported by extensive documentation. The information led to a covered action that “resulted in the return of tens of millions of dollars to harmed investors,” the SEC said in a p...