SEC Cracks Down Again on Companies Chilling Whistleblowers from Reporting Wrongdoing
Posted 07/2/21
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:
June 24, 2021
A whistleblower whose information and ongoing assistance led to multiple SEC enforcement actions has been awarded more than $1 million. According to the agency, the whistleblower played a critical role in the enforcement actions by prompting the investigation and saving the agency significant time and resources. SECJune 21, 2021
The SEC has issued awards totaling nearly $5.3 million to whistleblowers whose information caused the SEC to launch investigations that ultimately resulted in successful enforcement actions. In the first award, a whistleblower received nearly $4 million for extraordinary assistance, including providing documents, identifying witnesses, and participating in hours of interviews. In the second award, three whistleblowers received about $1.3 million for providing ongoing assistance that conserved agency time and resources. SECFlood of SEC Whistleblower Awards Continues
Posted 06/17/21
June 14, 2021
The SEC has awarded approximately $3 million to two whistleblowers whose separate tips led to a successful enforcement action. According to the press release, the first whistleblower’s early tip helped agency staff develop its case and focus its resources, while the second whistleblower helped uncover misappropriated funds and fraudulent transfers. SECWhistleblowers Without Borders: International Whistleblowers are Increasingly Important Contributors of Tips to the SEC Whistleblower Reward Program
Posted 06/11/21
Catch of the Week: Second Conspirator Pleads Guilty in Jay Peak EB-5 Fraud Case
Posted 06/4/21
June 2, 2021
The SEC awarded $23 million to two individuals who voluntarily provided information as whistleblowers that led to recoveries by the SEC and another federal agency in related enforcement actions. Information provided by the first whistleblower, who received approximately $13 million, initiated the investigations. The second whistleblower, who waited several years before coming forward, provided additional information that substantially contributed, and was awarded approximately $10 million. Both provided ongoing assistance to the Commission and the other agency, providing documents, participating in interviews, and identifying key individuals and systems involved in the investigations. SECMay 27, 2021
An anonymous individual received and SEC whistleblower award of $4.2 million. According to the SEC, the individual voluntarily provided detailed, original information that caused the Commission to open an investigation that led to a successful enforcement action. During the investigation, the individual met with investigative staff on multiple occasions, identified key players, and provided additional helpful information and documents. A second claimant was denied an award; Commission staff stated that they had not communicated with or used any information provided by that claimant. SECConstantine Cannon Client Receives Maximum Award for Blowing the Whistle on ITG
Posted 05/21/21
