A release on Mondo Visione on 24 March advised that the awards were made to 2 whistleblowers who provided significant information and assistance that helped the SEC bring multiple successful enforcement actions. The first received an award of approximately $478,000 and the second approximately $94,000. The SEC has awarded approximately $396 million to 76 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards.
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