UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 78719 / August 30, 2016
WHISTLEBLOWER AWARD PROCEEDING
File No. 2016-16
In the Matter of the Claim for Award
in connection with
Redacted
Redacted

Notice of Covered Action

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ORDER DETERMINING WHISTLEBLOWER AWARD CLAIM
On July 7, 2016, the Claims Review Staff issued a Preliminary Determination
related to Notice of Covered Action Redacted (the “Covered Action”). The Preliminary
Redacted
Determination recommended that
(“Claimant”) receive a whistleblower
award because Claimant voluntarily provided original information to the Commission
that led to the successful enforcement of the Covered Action pursuant to
Section 21F(b)(1) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15
U.S.C. § 78u-6(b)(1), and Rule 21F-3(a) thereunder, 17 C.F.R. § 240.21F-3(a).
Further, the Claims Review Staff recommended that such award be set in the
Redacted
amount of
percent Redacted of the monetary sanctions collected or to be
collected in the Covered Action, which will equal an award of more than $22 million. In
arriving at this recommendation, the Claims Review Staff considered the factors set forth
in Rule 21F-6, 17 C.F.R. § 240.21F-6, in relation to the facts and circumstances of
Claimant’s application.1

1

In determining the appropriate award percentage,

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was considered. Several other
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factors mitigating the Claimant’s culpability were also considered, including that
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 On July 15, 2016, Claimant provided written notice to the Commission of
Claimant’s decision not to contest the Preliminary Determination within the 60-day
deadline set out in Rule 21F-10(e) promulgated under the Exchange Act, 17 C.F.R.
§ 240.21F-10(e). Accordingly, pursuant to Rule 21F-10(f), 17 C.F.R. § 240.21F-10(f),
the Preliminary Determination became the Proposed Final Determination of the Claims
Review Staff.
Upon due consideration under Rules 21F-10(f) and (h), 17 C.F.R. § 240.21F-10(f)
and (h), the Preliminary Determination of the Claims Review Staff is adopted.
Accordingly, for the reasons set forth in the Preliminary Determination, it is hereby
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percent Redacted of the
ORDERED that Claimant shall receive an award of
monetary sanctions collected in this Covered Action, including any monetary sanctions
collected after the date of this Order.
By the Commission.

Brent J. Fields
Secretary

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and did not financially benefit from the misconduct. As such, after
considering the positive and negative factors set forth in Rule 21F-6, and based on the specific
facts and circumstances of this case, we find that an award ofRedactedto Claimant is appropriate.
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2