On June 3, 2014, the SEC issued an order that awarded two whistleblowers $437,500 each pursuant to Rule 21F of the Securities Exchange Act. This Order marks the SEC's first award of 2014, and eighth award since the program began in 2011.
The SEC redacted the whistleblowers' respective names, and declined to state the nature of the action. It did note that the tipsters acted in concert and provided original information that led to a successful enforcement action. Notably, the SEC awarded the whistleblowers 30% of the monetary sanctions collected in the enforcement action—the maximum amount available—and divided the award equally between the two whistleblowers.
First SEC Whistleblower Bounty Award Of 2014
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