In addition, Norberg explained, “These awards show how critically important whistleblowers can be to the agency’s investigation and ability to bring a case to successful and efficient resolution.”
Whistleblower awards ranges from 10 percent to 30 percent of the monetary sanctions (over $1 million) collected from securities laws violaters. When a person voluntarily share credible, original, and timely information that leads to a successful enforcement action, he or she may be eligible for an award.
Under the Dodd-Frank Act, the SEC must protect the confidentiality of whitleblowers. The law also prohibits the Commission from disclosing information that could reveal a whistleblowers’ identity.
