https://www.sec.gov/news/press-release/2022-218

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Press Release

     
   

SEC Awards More Than $20 Million to Whistleblower

FOR IMMEDIATE RELEASE
2022-218

Washington D.C., Dec. 12, 2022 --

The Securities and Exchange Commission today announced an award of
more than $20 million to a whistleblower who provided information and
assistance that significantly contributed to a successful enforcement
action. The whistleblower provided new information, met with
Enforcement Division staff multiple times, and remained cooperative
throughout the investigation.  

"Whistleblowers may lead to the success of an enforcement matter by
providing information that causes an investigation or examination to
open or that meaningfully advances an existing investigation," said
Creola Kelly, Chief of the SEC's Office of the Whistleblower.

Payments to whistleblowers are made out of an investor protection
fund, established by Congress, which is financed entirely through
monetary sanctions paid to the SEC by securities law violators. No
money has been taken or withheld from harmed investors to pay
whistleblower awards. Whistleblowers may be eligible for an award
when they voluntarily provide the SEC with original, timely, and
credible information that leads to a successful enforcement action. 
Whistleblower awards can range from 10 to 30 percent of the money
collected when the monetary sanctions exceed $1 million.

As set forth in the Dodd-Frank Act, the SEC protects the
confidentiality of whistleblowers and does not disclose any
information that could reveal a whistleblower's identity.

For more information about the whistleblower program and how to
report a tip, visit www.sec.gov/whistleblower.

###

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