The SEC has issued its largest-ever whistleblower award of $279 million, with the figure more than double the previous record of $114 million from October 2020.
"The size of today’s award — the highest in our program’s history — not only incentivizes whistleblowers to come forward with accurate information about potential securities law violations, but also reflects the tremendous success of our whistleblower program," said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement.
In these circumstances, the SEC does not refer to the specific case the whistleblower award relates to, nor the name of the whistleblower in order to protect their privacy. In terms of the whistleblower, the SEC did note however that they helped provide key info on a case that it was already working on.
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