SEC awarded over US$24 million to whistleblowers whose information led to an SEC enforcement action and another agency’s action

The SEC has awarded over US$24 million to two whistle blowers with US $4 million going to the first and US $20 million to the second. The second whistle blower received a larger award due to their crucial role in the investigation. These awards are funded by an investor protection fund and are given for original, timely, and credible information that leads to successful enforcement actions…