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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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April 16, 2020

The SEC has announced that its largest whistleblower award so far this year and sixth largest overall since the inception of its whistleblower program has been awarded to an individual who alerted the agency to fraud that was partly committed overseas.  The whistleblower, who will receive $27 million, reportedly contributed significantly to the agency’s enforcement efforts by providing critical investigative leads.  SEC

SEC Starts 2020 with Almost $12 million in Whistleblower Awards

Posted  04/9/20
By Carolina Gonzalez
Business sign saying "Come In We're Open" in white on blue background
Despite the Covid-19 pandemic, the SEC whistleblower program is very much open for business: the SEC has announced seven whistleblower awards in the past four months, including an award of over $7 million to a “tenacious” whistleblower who provided extensive and sustained assistance in connection with serious financial abuses despite suffering hardship. Under the program, whistleblowers – regardless of their...

April 3, 2020

The SEC has announced that an anonymous whistleblower who provided information to the agency, despite implied threats from the wrongdoer, has been awarded $2 million.  According to the SEC, the information provided would have been difficult for the agency to obtain otherwise and significantly aided in an ongoing investigation.  SEC

March 30, 2020

A whistleblower working in compliance and internal audits has been awarded $450,000 by the SEC.  After efforts to report misconduct internally failed to make a positive impact, the whistleblower reported the same misconduct to the SEC, which helped focus an ongoing investigation and ultimately led to a successful enforcement action.  SEC

March 24, 2020

Two whistleblowers have received awards totaling over $570,000 for their roles in recent enforcement actions by the SEC.  According to the press release, the first whistleblower received approximately $478,000 and the second whistleblower received approximately $94,000.  In keeping with agency practices, the whistleblowers’ identities have not been revealed.  SEC

March 23, 2020

The SEC has announced that it has awarded a whistleblower over $1.6 million for informing the agency of a possible securities violation and providing critical assistance during the investigation.  Because of the whistleblower’s actions, the SEC was able to successfully enforce securities laws while preserving time and resources.  SEC

Catch of the Week: SEC Hits Actor Steven Seagal for Improper ICO Promotion

Posted  03/6/20
bitcoin currency
This week’s Catch of the Week goes to the SEC for securing over $300,000 recovery from actor Steven Seagal in connection with his alleged failure to disclose payments he received for promoting an initial coin offering (ICO) conducted by Bitcoiin2Gen (B2G).   The settlement is part of the SEC’s broader effort to combat the role of celebrities in promoting novel—and sometimes fraudulent—cryptocurrency...

February 28, 2020

The SEC has awarded $7 million to an anonymous whistleblower whom the agency described as having provided extensive and sustained assistance in a successful enforcement action.  No other information on the underlying action was disclosed.  SEC

Top Ten Whistleblower Developments of 2019

Posted  02/6/20
Slingshot and stones
By any measure, 2019 was a Very Big Year for whistleblowers.  Our annual Top Ten lists identified 2019’s most significant financial recoveries by whistleblowers, as well as recoveries in enforcement actions at the federal and state level involving government procurement, healthcare, financial, tax, and other types of fraud.  But the numbers, as impressive as they are, can’t tell the full story of the impact that...
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