Anonymity
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January 7, 2021
The SEC has awarded five whistleblowers more than $1.1 million for providing information that led to three successful enforcement actions. The first order credited three whistleblowers with information and assistance that led to two related enforcement actions; the three were awarded nearly $500,000. The second order awarded nearly $600,000 to an individual who reported concerns internally before providing extensive assistance to SEC investigators. The third order awarded over $100,000 to an individual who provided independent analysis of publicly available documents; this is the fifth such whistleblower this fiscal year who has granted an award. SECDecember 7, 2020
The SEC has granted awards to five whistleblowers whose disclosures led to three successful enforcement actions. The first award of $1.8 million was granted to a company insider who gave information about fraudulent conduct that would have been difficult to detect otherwise. The second award of $750,000 was granted to two whistleblowers, one of whom received a waiver on TCR filing requirements by providing a tip that prompted an investigation, and the other who provided new information that resulted in additional actions being added. The last award of $400,000 was also granted to two whistleblowers; the two individuals had provided analysis that prompted an investigation. SECDecember 1, 2020
The SEC has awarded two whistleblowers over $6 million for providing information and assistance that led to multiple successful enforcement actions by the SEC and another government agency and the forfeiture of tens of millions of dollars in ill-gotten gains. SECNovember 19, 2020
A whistleblower who reported securities fraud occurring overseas has been awarded over $900,000 by the SEC. According to the agency, an investigation into the misconduct was already underway, and the whistleblower’s timely tip led to a significant expansion of the investigation. SECNovember 13, 2020
The SEC has awarded over $1.1 million to a whistleblower who conducted an independent analysis of publicly available materials and submitted insights as a tip. The whistleblower’s important new insights led staff to expand an ongoing investigation and helped protect investor assets from dissipation by the wrongdoer. SECIn an Effort to Curb Corruption, U.S. and Brazil Update Trade Agreement by Strengthening Whistleblower Protections
Posted 11/5/20
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. SECOctober 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. SECNASAA Approves Model Whistleblower Award and Protection Act with Changes Recommended by Constantine Cannon Attorneys
Posted 10/2/20
