On August 23, 2024, the SEC announced payment of more than $98 million in total to two whistleblowers who provided the SEC with information and assistance that led to successful enforcement actions by the SEC and another agency (the order granting the award can be accessed here). The first
SEC Announces $37 Million Award to Whistleblower
By Lloyd B. Chinn & Pinchos Goldberg on
On July 26, 2024, the SEC announced an award of more than $37 million to a whistleblower who first reported misconduct internally and subsequently provided information and assistance that led to a successful SEC enforcement action. (The order granting the award can be accessed here.)
Creola Kelly, Chief of…
SEC Announces $18 Million Award to Whistleblower
By Pinchos Goldberg on
On August 25, 2023, the SEC announced an award of more than $18 million to a whistleblower who first reported misconduct internally and subsequently provided information and assistance that led to a successful SEC enforcement action. (The order granting the award can be accessed here.)
Creola Kelly, Chief of…
SEC Awards Seven Whistleblowers More Than $104 Million
By Pinchos Goldberg on
On August 4, 2023, the SEC announced payment of more than $104 million to seven whistleblowers who provided the SEC with information and assistance that led to successful enforcement actions by the SEC and another agency (the order granting the award can be accessed here). The seven whistleblowers were…
SEC Announces Record-Shattering $279 Million Award to Whistleblower
By Steven J. Pearlman & Pinchos Goldberg on
On May 5, 2023, the SEC announced an award of nearly $279 million to a whistleblower who provided the SEC with information and assistance that led to the successful enforcement of SEC and related actions. This enormous award is the largest-ever in the history of the whistleblower program and is…
SEC Releases FY 2022 Whistleblower Annual Report
On November 15, 2022, the SEC’s Office of the Whistleblower (OWB) released its annual report to Congress covering the period from October 1, 2021 to September 30, 2022. The report highlights a record-breaking year for the SEC’s whistleblower bounty program in certain respects, explains factors that can increase or decrease…
SEC Announces $20 Million Award to Whistleblower
By Pinchos Goldberg on
On November 28, 2022, the SEC announced an award of $20 million to a whistleblower who provided new and critical information that contributed to a successful enforcement action. (The order granting the award can be accessed here.) The SEC noted that in determining the appropriate award amount, it considered…
SEC Adopts Amendments to Whistleblower Program Rules
By Steven J. Pearlman & Pinchos Goldberg on
On August 26, 2022, the U.S. Securities and Exchange Commission announced that it had adopted two amendments to its whistleblower program rules proposed earlier this year (see our post here).
The first amendment allows whistleblowers who would have been eligible for an award under another whistleblower program that would…
SEC Announces $17 Million Award to Whistleblower
By Steven J. Pearlman & Pinchos Goldberg on
SEC Proposes Amendments to Whistleblower Program Rules, Which May Lead to More SEC Tips
By Steven J. Pearlman & Pinchos Goldberg on
On February 10, 2022, the U.S. Securities and Exchange Commission announced two proposed amendments to its whistleblower program rules.
As we previously reported here, a closely divided SEC adopted a final rule implementing several changes to its whistleblower program in September 2020. On January 13, 2021, a whistleblower attorney…