SECwhistleblower who provides information and assistance to their actions $279 millionawarded a record prize.
Recently, the oppressive attitude on the crypto industry has been SEC, USA reached the target of the deputies. There are as many people who say the SEC is working as well as those who think it’s inefficient. In particular, SEC Chairman Gary Gensler has drawn his target arrows.
In all these processes SEC made a social media post the other day. The SEC has handed out its largest ever whistleblower award and that It’s $279 millionannounced.
SEC Rewards Its Informants
USASecurities and Exchange Commission ( SEC), a whistleblower who provides informational support to sanctions actions $279 millionrewarded with.
Today we announced the largest-ever award, nearly $279 million to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions.https://t.co/GGwiZ4BQUf
— U.S. Securities and Exchange Commission (@SECGov) May 5, 2023
SECfrom the sanction fee he received for useful informant information. 30 percent It gives an award up to . The regulatory body, which often awards prizes of up to $1 million, 2020on $114 million He broke the record by giving an award. The institution, which cares and rewards informing so much, broke a new record the other day.
To one or more persons providing whistleblowing on an undisclosed case, $279 million award was given. Making a statement on the subject, the SEC said;
The size of today’s award, the highest in the history of our program, not only encourages whistleblowers to come forward with accurate information about potential securities law violations, but also reflects the tremendous success of our whistleblower program.
These awards, given by the regulator, come from an investor fund created by Congress. Enforcement fees paid to the SEC by violators of securities laws are also sources of funding.
SEC, $279 million He said that the informant he gave had reported an important case. However SEC, did not make any specific statement.
