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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:

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SEC Awards $104 Million to Seven Whistleblowers

Posted  08/16/23
Red Whistle with People
Earlier this month (August 4), the Securities and Exchange Commission (SEC) announced its award of $104 million to seven whistleblowers "whose information and assistance led to a successful SEC enforcement action and related actions brought by another agency."  It follows a string of blockbuster awards under the SEC Whistleblower Program, which provides whistleblowers who provide information leading to a successful...

$279 Million SEC Whistleblower Remains a Mystery

Posted  05/31/23
Securities Exchange Commission Logo Behind Gavel
It is the largest award ever made to a whistleblower on record under any of the ever-expanding list of whistleblower rewards programs$279 million by the Securities and Exchange Commission (SEC) "to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions."  That is pretty much all the SEC disclosed in announcing the award because of the agency's strong...

February 3, 2023

Video game company Activision Blizzard has agreed to pay $35 million to settle charges that alleged it failed to implement controls to collect and review internal complaints about workplace misconduct.  The company also violated a whistleblower protection rule by requiring former employees to provide notice if they received information requests from the SEC.  SEC

Top Ten SEC and CFTC Recoveries of 2022

Posted  02/1/23
stock market numbers
In 2022, the SEC and CFTC redoubled their efforts to preserve market integrity and shut down financial frauds.  Both in size and composition, the agencies’ major recoveries look quite different from a year prior.  2021 was all about crypto, with four of the top ten recoveries relating to crypto offerings or exchanges.  With the recent collapse of the crypto market—exposing some of the biggest frauds since the...

Top Ten Whistleblower Awards of 2022

Posted  02/1/23
2022 was a big year for whistleblowers, who once again recouped billions of government dollars and in turn received hundreds of millions in whistleblower rewards.  This year’s top rewards came from various government whistleblower programs, including the qui tam provisions of the federal False Claims Act, various state False Claims Act programs, and the Dodd-Frank SEC Whistleblower Program. Below is a...

Top Ten FCPA Recoveries of 2022

Posted  01/13/23
International Currency
In recent years, the United States government has recovered billions of dollars going after companies that bribe foreign officials in order to further their business interests, a practice that violates the Foreign Corrupt Practices Act (FCPA). Two principal United States government agencies, the Department of Justice and the Securities and Exchange Commission, investigate and prosecute FCPA violations. Whistleblowers...

January 13, 2023

The SEC has awarded more than $5 million to a whistleblower who first reported internally, and whose subsequent tip to the agency helped shape its investigation.  Based on the whistleblower’s information, agency staff were able to identify witnesses and effectively draft document and information requests.  SEC
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