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SEC Awards $104 Million to Seven Whistleblowers for Assisting Successful Enforcement Actions

The Securities and Exchange Commission (SEC) has granted over $104 million in awards to seven individuals who provided crucial information and assistance leading to a successful SEC enforcement action and related actions. This marks the fourth largest award in the SEC's whistleblower program's history. The whistleblowers, comprising two sets of joint claimants and three single claimants, played a significant role in initiating or contributing to SEC investigations by providing supporting documents, interviews, and identifying potential witnesses.

Payments to whistleblowers come from an investor protection fund established by Congress, with no harm to investors. Whistleblower awards range from 10 to 30 percent of monetary sanctions exceeding $1 million. The SEC maintains the confidentiality of whistleblowers as mandated by the Dodd-Frank Act. For more information on the whistleblower program, visit www.sec.gov/whistleblower.

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