The regulator did not disclose the case concerned in its statement.
"As this award shows, there is a significant incentive for whistleblowers to come forward with accurate information about potential securities law violations," said Gurbir Grewal, director of the SEC's Division of Enforcement, in a statement.
Payments to whistleblowers are made out of an investor protection fund that was established by Congress and financed entirely through monetary sanctions paid to the SEC by securities law violators. Awards to whistleblowers can range from 10% to 30% of the money collected when the monetary sanctions exceed $1 million.
"The whistleblower's sustained assistance including multiple interviews and written submissions was critical to the success of these actions," said Creola Kelly, chief of the SEC's Office of the Whistleblower.
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