Contact

Click here for a confidential contact or call:

1-212-350-2774

SEC Whistleblower Reward Program

This archive displays posts tagged as relevant to the SEC Whistleblower Reward Program. You may also be interested in the following pages:

Page 1 of 26

Whistleblower Reveals Facebook’s Lies: Will the SEC or Congress Act to Curtail Threats to Democracy and Teens from Social Media?

Posted  10/1/21
Modern mobile devices
For anyone who cares about the future of liberal democracy, improving the mental health and well-being of children, ending the COVID-19 pandemic, or stopping drug cartels and human trafficking, the recent series in The Wall Street Journal titled “The Facebook Files” is a must-read.  Based on a trove of internal documents shared by a Facebook whistleblower, as well as interviews with numerous current and former...

A Billion in the Bank and Still No End In Sight For SEC’s Warm Embrace of Whistleblowers

Posted  10/1/21
Securities and Exchange Commission building with logo zoomed in
It has been only two weeks since the SEC passed the billion dollar mark in whistleblower awards under the agency's Whistleblower Program.  By all accounts, there will be no end to the cavalcade of awards that brought us to this landmark event. Starting with the whistleblower payout that brought the total awards tally past the 10-figure threshold.  It was a blockbuster $110 million award, the second largest to...

September 24, 2021

An anonymous whistleblower received an award of $36 million from the SEC.  The SEC found that the individual provided information that significantly contributed to a previously-opened SEC investigation and recoveries by the SEC and another agency.  The SEC found that the individual had unreasonably delayed in reporting the conduct, and had participated in the underlying scheme, although they did not direct, plan, or initiate it.  Two other claimants were denied any recoveries on the grounds that the information they provided did not significantly contribute to the recoveries in the covered action or related action.  SEC

SEC Awards $114 Million to Two Whistleblowers, Including an Apparent Outsider, Passing the $1 Billion Mark with a Bang

Posted  09/16/21
Boom comics
The SEC announced $114 million in whistleblower awards to two unnamed individuals whose information substantially contributed to an SEC enforcement action and two related actions by other enforcement agencies.  With this award, the SEC can say it has issued more than $1 billion in awards to whistleblowers – truly, a milestone worth celebrating. As is typical with SEC press releases about whistleblower awards,...

September 15, 2021

Two unnamed whistleblowers received awards totaling $114 million for recoveries in an SEC enforcement action and two related actions.  The first whistleblower, who received an award of $110 million, provided independent analysis of publicly-available information about an unnamed company, as well as a witness list and substantial ongoing assistance during investigations by the SEC and another unidentified agency.  The second whistleblower, who received an award of $4 million, provided more limited information after the SEC had already undertaken significant investigative steps.    SEC

SEC Whistleblower Program Summer Roundup - Nearing the Billion Dollar Mark

Posted  09/9/21
SEC-building
For the SEC Whistleblower Program, it was business as usual this summer.  With total awards of more than $50 million to 25 whistleblowers, the agency moved ever closer to the billion dollar mark.  Here is how it played out for the SEC program over the not so lazy days of summer:
  • June 2 – $23 million (2 whistleblowers)
  • June 14 – $3 million (2 whistleblowers)
  • June 21 – $5.3 million (4...

August 27, 2021

Five whistleblowers whose information and assistance led to three separate SEC enforcement actions have been awarded approximately $2.6 million.  In the first award, one whistleblower received $1.2 million for developing a complex algorithm, applying it to publicly available data, and providing the agency with independent analysis that saved valuable time and resources.  In the second award, three whistleblowers received over $1 million for reporting information after reporting internally failed to achieve results.  In the third award, one whistleblower received $350,000 for providing independent analysis based on patterns detected in publicly available data, which required expertise developed over many years.  SEC

August 10, 2021

The SEC has made awards of nearly $6 million total to two whistleblowers.  According to the agency, one whistleblower received $3.5 million for providing valuable new information that expanded the geographic scope of an existing investigation.  The second whistleblower received more than $2.4 million for providing information about previously unknown conduct.  SEC
1 2 3 26

Newsletter

Subscribe to receive email updates from the Constantine Cannon blogs

Sign up for: