Anonymity

October 29, 2020

The SEC has awarded over $10 million to a whistleblower whose information led the agency to open an investigation.  The whistleblower’s ongoing assistance reportedly also helped decipher communications, distill complex issues, and provide key evidence.  SEC

October 22, 2020

The SEC has awarded a record-breaking $114 million to a whistleblower whose tip and substantial, ongoing assistance helped lead to successful enforcement actions by the SEC and another agency.  This is the highest award in the history of the SEC whistleblower program, bypassing the next highest award, issued in June 2020, by over $60 million.  SEC

September 30, 2020

Two whistleblowers have been awarded approximately $22 million and $7 million for alerting the SEC of potential wrongdoing and providing substantial assistance.  Both were said to be insiders whose information helped return tens of millions of dollars to harmed investors.  SEC

September 30, 2020

The SEC has announced that it has concluded a record-breaking fiscal year for its whistleblower program by awarding four whistleblowers a total of $5 million.  For providing critical information and evidence of hard-to-detect violations, and providing extensive and ongoing assistance to the investigation, two whistleblowers were awarded $2.9 million and $1.7 million respectively.  The remaining two whistleblowers were awarded nearly $400,000 for jointly providing a tip and additional assistance, including meeting with staff to help decipher key documents and identify key witnesses.  These awards cap the program’s record of 39 individual awards, totaling about $175 million, that have been granted in a single fiscal year.  Since the whistleblower program launched in 2012, the SEC has made awards to 106 individuals totaling about $562 million.  SEC

September 29, 2020

The CFTC has awarded a whistleblower approximately $250,000 for providing significant information that led to an investigation.  Although the whistleblower also provided substantial assistance during the investigation, the award was reduced because the whistleblower did not report the violations in a timely manner.  CFTC

September 28, 2020

An unnamed whistleblower has been awarded over $1.8 million for expeditiously reporting significant information about ongoing securities violations, which ultimately led to a successful enforcement action.  The award marks the 100^th award made to an individual since the inception of the SEC’s whistleblower program in 2012.  SEC

September 25, 2020

The SEC has made two awards totaling over $2.5 million to whistleblowers who provided information regarding overseas misconduct.  Both whistleblowers reported the misconduct to internal compliance systems before reporting to the SEC.  In the case of the first whistleblower, who received over $1.8 million, the internal report resulted in an internal investigation and subsequent report to the SEC.  Meanwhile, information from the second whistleblower, who received $750,000, resulted in a successful enforcement action.  SEC