On November 4, 2015, the SEC announced an award of more than $325,000 to a former investment firm employee who provided information to the SEC that enabled the SEC enforcement staff to uncover fraudulent activity. The SEC noted that the former employee provided a detailed description of the misconduct and identified individuals behind the wrongdoing that helped the SEC bring a successful enforcement action. The SEC noted, however, that the whistleblower had unreasonably waited until after leaving the firm to report the wrongdoing, and that he could have received an even larger award had he not delayed coming forward.