The U.S. Securities and Exchange Commission (SEC) has declared rewards totaling over $104 million for seven individuals. Their contributions played a pivotal role in a successful SEC enforcement action and other related actions by a different agency. This collective reward ranks as the fourth highest in the history of the SEC's whistleblower initiative.

The U.S. Securities and Exchange Commission (SEC) announced more than $16 million in awards to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower who prompted the investigation's opening and provided information on difficult-to-detect violations and will receive an award of approximately $13 million. The second whistleblower submitted important new information during the investigation and will receive an award of more than $3 million.

FinTelegram knows from more than three years of working with whistleblowers how powerful this information channel is in the fight against cybercrime and scams. In the meantime, a multi-million dollar business for whistleblower attorneys has emerged in the U.S. The U.S. regulators SEC and CFTC in particular offer very attractive programs and rewards in the millions. The U.S. SEC recently awarded more than $6 million to two whistleblowers who provided critical information and assistance in two separate covered actions.