Whistleblowing

SEC Issues Whistleblower Awards Totaling More Than $4 Million

Monday, August 2, 2021 - 5:43pm

In the first order, the SEC awarded more than $2 million to a whistleblower who provided valuable information that resulted in SEC staff initiating an investigation, as well as ongoing assistance that included participating in multiple interviews and identifying key individuals and entities.The SEC also awarded more than $150,000 to another whistleblower, whose information prompted SEC staff to expand its investigation into other alleged conduct at the relevant company.

Key Points: 
  • In the first order, the SEC awarded more than $2 million to a whistleblower who provided valuable information that resulted in SEC staff initiating an investigation, as well as ongoing assistance that included participating in multiple interviews and identifying key individuals and entities.The SEC also awarded more than $150,000 to another whistleblower, whose information prompted SEC staff to expand its investigation into other alleged conduct at the relevant company.
  • In the second order, the SEC awarded more than $1.1 million to a whistleblower who reported misconduct internally and was the first to alert the SEC to the violations.The SEC also awarded another whistleblower more than $500,000.While the second whistleblowers information was important, the first whistleblower's information was more significant as it was broader and more timely submitted.
  • "Today's awards underscore the important role that whistleblowers play in detecting and halting securities laws violations,"said Emily Pasquinelli, Acting Chief of the SEC's Office of the Whistleblower.
  • Whistleblower awards can range from 10-30%of the money collected when the monetary sanctions exceed $1 million.

SEC Awards More Than $1 Million to Whistleblower

Thursday, July 15, 2021 - 4:55pm

The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in an interview with the staff and providing documents and additional information, saving the SEC time and resources.

Key Points: 
  • The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in an interview with the staff and providing documents and additional information, saving the SEC time and resources.
  • Todays whistleblower played a critical role in the SEC bringing an enforcement action, said Emily Pasquinelli, Acting Chief of the SECs Office of the Whistleblower.
  • The SEC has awarded approximately $939 million to 182 individuals since issuing its first award in 2012.
  • Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.

SEC Awards More Than $1 Million to Whistleblower

Thursday, June 24, 2021 - 4:49pm

Washington, D.C.--(Newsfile Corp. - June 24, 2021) - The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to multiple successful SEC enforcement actions.The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in interviews with the staff.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - June 24, 2021) - The Securities and Exchange Commission today announced an award of more than $1 million to a whistleblower whose information and assistance led to multiple successful SEC enforcement actions.The whistleblower provided SEC staff with valuable information and ongoing assistance, which included participating in interviews with the staff.
  • "Today's whistleblower played a critical role in the SEC bringing these important enforcement actions,"said Emily Pasquinelli, Acting Chief of the SEC's Office of the Whistleblower.
  • "The whistleblower's information prompted the opening of the investigation, and their continued cooperation saved significant SEC staff time and resources."
  • Whistleblower awards can range from 10to 30%of the money collected when the monetary sanctions exceed $1 million.

SEC Issues Whistleblower Awards Totaling Nearly $5.3 Million

Monday, June 21, 2021 - 5:29pm

In the first order, the SEC awarded a whistleblower nearly $4 million for providing information that caused the SEC to open an investigation that led to a successful enforcement action.

Key Points: 
  • In the first order, the SEC awarded a whistleblower nearly $4 million for providing information that caused the SEC to open an investigation that led to a successful enforcement action.
  • The whistleblower provided extraordinary assistance, participating in hours of telephonic interviews and communicating dozens of times with investigative staff.
  • In the second order, the SEC awarded approximately $1.3 million to three individuals who provided information that prompted the opening of an investigation.
  • Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.

SEC Awards More Than $23 Million to Whistleblowers

Wednesday, June 2, 2021 - 4:43pm

Washington, D.C.--(Newsfile Corp. - June 2, 2021) - The Securities and Exchange Commission today announced awards of approximately $13 million and $10 million to two whistleblowers whose information and assistance led to successful SEC and related actions.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - June 2, 2021) - The Securities and Exchange Commission today announced awards of approximately $13 million and $10 million to two whistleblowers whose information and assistance led to successful SEC and related actions.
  • The SEC has awarded more than $928 million to 166 individuals since issuing its first award in 2012.
  • 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 SEC protects the confidentiality of whistleblowers and does not disclose any information that could reveal a whistleblower's identity.

SEC Awards More Than $4 Million to Whistleblower

Thursday, May 27, 2021 - 6:37pm

The whistleblower then provided substantial assistance by meeting with SEC staff, identifying key players, and providing additional helpful information and documents.

Key Points: 
  • The whistleblower then provided substantial assistance by meeting with SEC staff, identifying key players, and providing additional helpful information and documents.
  • The SEC has now awarded approximately $905 million to 164 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 Awards More Than $28 Million to Whistleblower Who Aided SEC and Other Agency Actions

Wednesday, May 19, 2021 - 4:23pm

b'Washington, D.C.--(Newsfile Corp. - May 19, 2021) - The Securities and Exchange Commission today announced an award to a whistleblower totaling more than $28 million in connection with an SEC enforcement action and a related action by another federal agency.\nThe whistleblower\xe2\x80\x99s information caused both the SEC and the other agency to open investigations that resulted in significant enforcement actions.\xc2\xa0 Under the SEC\xe2\x80\x99s whistleblower program, individuals who provide information to other agencies like this whistleblower may be eligible for an award in the related action if they are also eligible for an award in the underlying SEC action.\n\xe2\x80\x9cThe SEC has awarded more than $900 million over the life of the program, including almost $85 million to nine individuals in this month alone, which reflects the vitality and continued success of the SEC\xe2\x80\x99s whistleblower program,\xe2\x80\x9d said Emily Pasquinelli, Acting Chief of the SEC\xe2\x80\x99s Office of the Whistleblower.\nThe SEC has awarded approximately $901 million to 163 individuals since issuing its first award in 2012.\xc2\xa0 All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators.

Key Points: 
  • b'Washington, D.C.--(Newsfile Corp. - May 19, 2021) - The Securities and Exchange Commission today announced an award to a whistleblower totaling more than $28 million in connection with an SEC enforcement action and a related action by another federal agency.\nThe whistleblower\xe2\x80\x99s information caused both the SEC and the other agency to open investigations that resulted in significant enforcement actions.\xc2\xa0 Under the SEC\xe2\x80\x99s whistleblower program, individuals who provide information to other agencies like this whistleblower may be eligible for an award in the related action if they are also eligible for an award in the underlying SEC action.\n\xe2\x80\x9cThe SEC has awarded more than $900 million over the life of the program, including almost $85 million to nine individuals in this month alone, which reflects the vitality and continued success of the SEC\xe2\x80\x99s whistleblower program,\xe2\x80\x9d said Emily Pasquinelli, Acting Chief of the SEC\xe2\x80\x99s Office of the Whistleblower.\nThe SEC has awarded approximately $901 million to 163 individuals since issuing its first award in 2012.\xc2\xa0 All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators.
  • \xc2\xa0No money has been taken or withheld from harmed investors to pay whistleblower awards.\xc2\xa0 Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.
  • \xc2\xa0Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.\nAs set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose any information that could reveal a whistleblower\xe2\x80\x99s identity.\nFor more information about the whistleblower program and how to report a tip, visit www.sec.gov/whistleblower .\n'

SEC Awards $22 Million to Two Whistleblowers

Monday, May 10, 2021 - 9:05pm

b'Washington, D.C.--(Newsfile Corp. - May 10, 2021) - The Securities and Exchange Commission today announced awards totaling approximately $22 million to two whistleblowers whose information and assistance were of crucial importance to successful SEC enforcement actions brought against a financial services firm.\nThe first whistleblower received an award of $18 million, while the second whistleblower received a $4 million award.

Key Points: 
  • b'Washington, D.C.--(Newsfile Corp. - May 10, 2021) - The Securities and Exchange Commission today announced awards totaling approximately $22 million to two whistleblowers whose information and assistance were of crucial importance to successful SEC enforcement actions brought against a financial services firm.\nThe first whistleblower received an award of $18 million, while the second whistleblower received a $4 million award.
  • \xe2\x80\x9cThe reporting of credible information by these whistleblowers and their subsequent cooperation with the staff\xe2\x80\x99s investigation allowed the Commission to better understand complex transactions related to the matters under investigation.\xe2\x80\x9d\nThe SEC has awarded approximately $838 million to 156 individuals since issuing its first award in 2012.
  • No money has been taken or withheld from harmed investors to pay whistleblower awards.
  • Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.

SEC Awards Approximately $1.5 Million to Whistleblower

Tuesday, March 9, 2021 - 3:43pm

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 Awards Over $500,000 to Two Whistleblowers

Monday, March 1, 2021 - 6:11pm

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.