SEC Whistleblower Reward Program

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

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

August 6, 2021

The SEC has awarded more than $3.5 million to three whistleblowers whose information and assistance led to two separate enforcement actions.  In the first order, an individual received approximately $2 million for providing information that launched an investigation into an ongoing fraud.  In the second order, one whistleblower received approximately $1 million and a second whistleblower received approximately $500,000 for providing information that assisted the agency in an existing investigation.  SEC

August 2, 2021

The SEC has announced awards totaling more than $4 million to whistleblowers whose contributions resulted in two successful enforcement actions.  In the first order, two whistleblowers were awarded $2 million and $150,000 each, while in the second order, another two whistleblowers were awarded $1.1 million and $500,000 each.  According to the SEC, the whistleblowers’ alerts sparked investigations into previously unknown misconduct.  SEC

July 21, 2021

The SEC has awarded nearly $3 million to an individual who alerted the agency to previously unknown misconduct.  The whistleblower’s substantial assistance helped conserve agency resources and led to a successful enforcement action.  SEC

July 15, 2021

The SEC has awarded more than $1 million to a single whistleblower whose timely information and ongoing assistance led to a successful enforcement action.  SEC