Crediting a whistleblower with providing information that led to recovery of substantial investor funds, the SEC announced that it has awarded a whistleblower more than $14 million. This amount significantly dwarfs prior payments of approximately $50,000 to $125,000.

Awards can range from 10 to 30 percent of the money collected in a case. The SEC release indicates that the whistleblower provided original information and assistance that allowed the SEC to investigate and bring an enforcement action less than six months after receiving tips from the whistleblower.

No other information was available as to the nature of the tips or the type of enforcement action, as the SEC is required to protect the confidentiality of whistleblowers and cannot disclose information that might reveal their identities.

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