SEC Office of the Whistleblower

SEC Awards Approximately $1.5 Million to Whistleblower

Retrieved on: 
Tuesday, March 9, 2021

As the numerous recent awards make clear, whistleblowers like the one awarded today play an integral part in the success of the SECs enforcement program.

Key Points: 
  • As the numerous recent awards make clear, whistleblowers like the one awarded today play an integral part in the success of the SECs enforcement program.
  • The SEC has awarded approximately $759 million to 143 individuals since issuing its first award in 2012.
  • No money has been taken or withheld from harmed investors to pay whistleblower awards.
  • Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.

SEC Issues Over $5 Million to Joint Whistleblowers Located Abroad

Retrieved on: 
Thursday, March 4, 2021

The whistleblowers provided significant information about misconduct abroad that directly supported certain allegations in the enforcement action.

Key Points: 
  • The whistleblowers provided significant information about misconduct abroad that directly supported certain allegations in the enforcement action.
  • The whistleblowers information alerted the staff to misconduct occurring abroad which could have been difficult to detect without their tip,said Jane Norberg, Chief of the SECs Office of the Whistleblower.
  • The SEC has awarded approximately $758 million to 142 individuals since issuing its first award in 2012.
  • As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblowers identity.

SEC Awards Over $500,000 to Two Whistleblowers

Retrieved on: 
Monday, March 1, 2021

Both whistleblowers provided substantial, ongoing assistance that conserved the agencies time and resources.

Key Points: 
  • Both whistleblowers provided substantial, ongoing assistance that conserved the agencies time and resources.
  • The timely reporting of credible information by these whistleblowers provided the Commission the opportunity to quickly investigate and address misconduct that was actively harming investors.
  • Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.
  • As set forth in the Dodd-Frank Act, the Commission protects the confidentiality of whistleblowers and does not disclose any information that could reveal a whistleblowers identity.

SEC Issues Whistleblower Awards Totaling Over $1.7 Million

Retrieved on: 
Thursday, February 25, 2021

In the first order, the SEC awarded a whistleblower over $900,000 in connection with an enforcement action and a related action.

Key Points: 
  • In the first order, the SEC awarded a whistleblower over $900,000 in connection with an enforcement action and a related action.
  • The SEC has awarded approximately $752 million to 138 individuals since issuing its first award in 2012.
  • Whistleblower awards can range from 10-30%of the money collected when the monetary sanctions exceed $1 million.
  • For more information about the whistleblower program, how to report a tip, or the new whistleblower rule amendments, visit www.sec.gov/whistleblower .

SEC Awards Almost $3 Million Total in Separate Whistleblower Awards

Retrieved on: 
Friday, February 19, 2021

Washington, D.C.--(Newsfile Corp. - February 19, 2021) - The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of almost $3 million.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - February 19, 2021) - The Securities and Exchange Commission today announced two separate whistleblower awards for total payments of almost $3 million.
  • In the first order, the SEC awarded a whistleblower over $2.2 million for providing important, high-quality information that aided an investigation.
  • In the second order, the SEC awarded almost $700,000 to a whistleblower who alerted SEC staff to a fraudulent reporting scheme, prompting the opening of the investigation.
  • Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.

SEC Awards Nearly $600,000 to Whistleblower

Retrieved on: 
Thursday, January 14, 2021

The whistleblower substantially contributed to an open investigation by providing detailed and highly valuable information resulting in critical investigative leads.

Key Points: 
  • The whistleblower substantially contributed to an open investigation by providing detailed and highly valuable information resulting in critical investigative leads.
  • The whistleblower met with staff multiple times and provided substantial assistance to the investigation that led to the SECs enforcement action, said Jane Norberg, Chief of the SECs Office of the Whistleblower.
  • No money has been taken or withheld from harmed investors to pay whistleblower awards.
  • Whistleblower awards can range from 10 to 30 percent of the money collected when the monetary sanctions exceed $1 million.

Former Assistant Director Sues SEC Over Illegal Changes to its Successful Whistleblower Program

Retrieved on: 
Wednesday, January 13, 2021

The suit seeks to vacate illegal rule changes that undermine the integrity and effectiveness of the SEC Whistleblower Programa program that he had a leadership role in developing.

Key Points: 
  • The suit seeks to vacate illegal rule changes that undermine the integrity and effectiveness of the SEC Whistleblower Programa program that he had a leadership role in developing.
  • On September 23, 2020, in a 3-2 vote, the Commission approved new rules for its whistleblower program.
  • Over the last decade, the SEC has made few missteps with its successful whistleblower program, but this was a major step backwards, said Thomas.
  • In addition to significant monetary recoveries, among his many landmark cases, he successfully represented the first officer of a public company to win an SEC whistleblower award, the first SEC whistleblower to receive criminal immunity, and the first SEC whistleblower to receive a whistleblower award because his company retaliated against him.

SEC Issues Over $1.1 Million to Multiple Whistleblowers

Retrieved on: 
Thursday, January 7, 2021

In the first order, the SEC awarded three whistleblowers almost $500,000 in connection with two related enforcement actions.

Key Points: 
  • In the first order, the SEC awarded three whistleblowers almost $500,000 in connection with two related enforcement actions.
  • In the second order, the SEC awarded nearly $600,000 to a whistleblower whose information caused the opening of an investigation.
  • The SEC has awarded approximately $737 million to 133 individuals since issuing its first award in 2012.
  • As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblower's identity.

SEC Awards Over $1.6 Million to Whistleblower

Retrieved on: 
Tuesday, December 22, 2020

The whistleblower produced critical information about an ongoing fraudulent scheme and provided extensive assistance to the investigative staff, including by participating in meetings and furnishing high-quality evidence.

Key Points: 
  • The whistleblower produced critical information about an ongoing fraudulent scheme and provided extensive assistance to the investigative staff, including by participating in meetings and furnishing high-quality evidence.
  • Todays award demonstrates the value of whistleblowers to the SECs enforcement efforts,said Jane Norberg, Chief of the SECs Office of the Whistleblower.
  • The SEC has awarded approximately $736 million to 128 individuals since issuing its first award in 2012.
  • Whistleblower awards can range from 10-30%of the money collected when the monetary sanctions exceed $1 million.

SEC Issues Multiple Whistleblower Awards Totaling Over $3.6 Million

Retrieved on: 
Friday, December 18, 2020

Washington, D.C.--(Newsfile Corp. - December 18, 2020) - The Securities and Exchange Commission today announced whistleblower awards in connection with three separate enforcement actions totaling over $3.6 million.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - December 18, 2020) - The Securities and Exchange Commission today announced whistleblower awards in connection with three separate enforcement actions totaling over $3.6 million.
  • In the first order, the SEC awarded a whistleblower over $1.8 million for providing significant information about a fraudulent scheme.
  • In the second order, the SEC awarded a whistleblower more than $1.2 million for providing information that led to a successful enforcement action.
  • Whistleblower awards can range from 10-30% of the money collected when the monetary sanctions exceed $1 million.