MoneyOn January 6, 2017, the SEC announced the first whistleblower award this year.  The award of approximately $5.5 million, comes almost exactly a month after the SEC issued two awards totaling over $4.4 million.

Besides indicating that the whistleblower in this case reported information directly to the SEC, the SEC’s order announcing the award reveals few insights into either the case or the information that the whistleblower provided.  In the SEC’s press release, Jane Norberg, Chief of the SEC’s Office of the Whistleblower, praised the whistleblower for “boldly stepping forward while still employed at the company.”

After handing out more than $57 million in awards in its 2016 fiscal year, the SEC whistleblower program has now awarded approximately $142 million to 38 whistleblowers.  As the SEC rings in 2017 with this large award, the SEC is clearly continuing to incentivize whistleblowers to report original information regarding alleged violations of securities laws.

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Photo of Yonatan Grossman-Boder Yonatan Grossman-Boder

Yonatan (Yoni) Grossman-Boder is an associate in the Labor & Employment Law Department. Yoni assists clients in a wide range of labor and employment law matters, including litigations, administrative proceedings, arbitrations, internal investigations, labor-management relations and claims of employment discrimination, harassment, retaliation, and…

Yonatan (Yoni) Grossman-Boder is an associate in the Labor & Employment Law Department. Yoni assists clients in a wide range of labor and employment law matters, including litigations, administrative proceedings, arbitrations, internal investigations, labor-management relations and claims of employment discrimination, harassment, retaliation, and wrongful termination. He frequently represents clients across a variety of industries and sectors, including educational institutions, financial services, media and entertainment companies, health services and professional services.

Yoni clerked for the Honorable Richard M. Gergel of the U.S. District Court for the District of South Carolina.  While attending Duke University School of Law, Yoni served as the publication and lead articles editor of Law and Contemporary Problems.

Prior to coming to Proskauer, Yoni served as a legal intern at the New York Human Resources Administration Employment Law Unit. As a legal intern, he worked on a variety of employment matters, including employment discrimination investigations and litigation. While a summer associate at Proskauer, Yoni co-authored an article on retiree health care benefits under ERISA titled “Understanding M&G Polymers v. Tackett,” published by Benefits Magazine in April 2015.

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