The SEC awarded more than $4 million to a former company insider for providing a tip and continued assistance that led to a successful enforcement action.

According to the SEC, the whistleblower is a foreign national working outside the United States who alerted the SEC to the existence of the securities law violation. The SEC noted that the positive award considerations were somewhat offset by the whistleblower's "unreasonable delay in reporting the misconduct."

SEC Office of the Whistleblower Chief Jane Norberg said that the case demonstrates the "breadth of the SEC's whistleblower program."

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.