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:
December 12, 2022
The SEC approved a whistleblower award of $20 million to an anonymous individual who voluntarily provided original information to the Commission that significantly contributed to an investigation that had been previously opened based on a referral from the Division of Examinations. While noting that much of the information provided by the whistleblower was already known to Enforcement staff, the individual provided some helpful new information, met with Enforcement Division staff multiple times, and remained cooperative throughout the investigation. SECSEC Whistleblower Program 2022 Annual Report Shows Continued Strength of Program
Posted 11/28/22
November 28, 2022
An anonymous whistleblower received a $20 million award from the SEC, with the SEC finding that the whistleblower provided significant information and continuing helpful assistance in the Commission’s investigation. The award order notes that the individual did not have information relating to one part of the enforcement action, and delayed reporting for two years after being involved for a short period in the conduct underlying part of the enforcement action, at the direction of their supervisor. Four other claimants were denied any award related to the covered action. SECOctober 31, 2022
The SEC has awarded more than $10 million to a whistleblower who provided critical information and assistance that contributed significantly to a successful enforcement action. In addition to providing important documents, the whistleblower also met twice with agency staff, resulting in charges that closely mirrored the whistleblower’s allegations, as well as significant funds being returned to harmed investors. SECAugust 9, 2022
The SEC has awarded two whistleblowers more than $16 million for their assistance in a successful enforcement action. The first whistleblower, who received about $13 million, submitted information that sparked the investigation and later provided key witnesses and other critical information that helped move the investigation forward. The second whistleblower, who received more than $3 million, later submitted new information that also aided the investigation. SECConstantine Cannon Attorneys Explain How the Recent Conviction of Theranos COO Sunny Balwani Underlines the Need to Expand Whistleblower Rewards Programs
Posted 07/29/22
