by Dismal-Jellyfish
Source: https://www.sec.gov/files/rules/other/2024/34-100809.pdf
TLDRS:
- The SEC announced over $98 million in awards to two whistleblowers whose information and assistance led to significant enforcement actions.
- The first whistleblower, whose tip initiated the investigations and provided ongoing critical information, received $82 million.
- The second whistleblower, who contributed later and significantly to one aspect of the actions, was awarded $16 million.
- Whistleblower awards are funded by an investor protection fund, supported by monetary sanctions paid by securities law violators.
- Eligible whistleblowers can receive 10-30% of the monetary sanctions collected if the sanctions exceed $1 million, indicating that the fines in this case ranged between $326.7 million and $980 million.
- There is interest in knowing more details about the actions taken, particularly if they relate to GameStop.
- Does show that if anyone working for folks that have manipulated GameStop, you can get PAID for your information!
https://dismal-jellyfish.com/sec-awards-98m-to-two-whistleblowers-for-key-tips/