On September 22, the SEC announced that it expects to award more than $30 million to a whistleblower who provided key information in connection with an ongoing fraud enforcement action. The award will be the largest to date for the SEC’s whistleblower program and the fourth award to a whistleblower living overseas. The program offers rewards to whistleblowers who provide high-quality, original information that results in an SEC enforcement action with sanctions exceeding $1 million. Awards are funded by an investor protection fund established by Congress and financed by sanctions imposed on securities law violators. Awards can range from ten to thirty percent of the money collected from the enforcement action.