On January 13, the U.S. Securities and Exchange Commission (SEC) awarded more than $5 million to a whistleblower who voluntarily provided original information to the SEC that led to a successful enforcement action.
According to the award order, the whistleblower “submitted a tip and additional information that helped Commission staff shape its investigative strategy, identify witnesses, and draft document and information requests and subpoenas, saving Commission time and resources during the investigation.”
Through the SEC Whistleblower Program, the SEC pays monetary awards to individuals who voluntarily disclose information that leads to a successful enforcement action. These awards are for 10-30% of the sanctions collected in the successful action.
If you have information about fraudulent activity that could be of interest to SEC investigators, you should strongly consider contacting the experienced qui tam investigations team at the Law Office of Matthew Galluzzo PLLC. Matthew Galluzzo, a former Manhattan prosecutor, works closely with former federal agents to investigate reports of fraudulent activity and present them in the best possible light to investigators, to help whistleblowers obtain a maximum recovery for their information.