By Steve Kardell | Published July 21, 2022 | Posted in New Legislation, Whistleblower Litigation | Tagged Tags: anti-retaliation, SEC, SEC whistleblower award |
The Whistleblower Program of the Securities and Exchange Commission (SEC) has been a significant success since its implementation in the Dodd-Frank Wall Street Reform Act, but there have been some weak points. Chief among those is that it can take a significant amount of time before the SEC concludes its investigation and when the whistleblower Read More
Read MoreOn April 25, the U.S. Securities and Exchange Commission issued whistleblower awards to two groups of recipients comprising five total whistleblowers. According to the SEC, both of these group sof whistleblowers significantly assisted in cases by providing information and ongoing assistance that ultimately led to the success of the same enforcement action taken. The first Read More
Read MoreOn January 6, the U.S. Securities and Exchange Commission (SEC) handed down its first whistleblower award of the year, a sizable $13 million pot to a whistleblower who provided the agency with unique information about ongoing fraud. The whistleblower’s original information aided the SEC in obtaining emergency relief to minimize the losses of investors. SEC Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) announced an award of $2.6 million shared among five individuals who assisted the agency with three separate enforcement proceedings. One whistleblower received $1.2 million from the SEC for providing crucial independent analysis based on an algorithm they developed and applied to public data. This assistance from the whistleblower Read More
Read MoreIn late March, the U.S. Securities and Exchange Commission (SEC) announced an award of more than $500,000 to a whistleblower who provided information hat led to a successful enforcement action. The order, which was redacted in accordance with SEC rules to protect the whistleblower’s identity, stated the whistleblower brought forth concerns about internal securities violations, Read More
Read MoreOn Thursday, January 7, The U.S. Securities and Exchange Commission (SEC) announced three whistleblower awards to five recipients that totaled more than $1.1 million. According to a statement released by the agency, each of the whistleblowers provided high-quality, unique information that led to multiple enforcement actions. The first award totaled approximately $500,000 and went to Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) announced a pair of new whistleblower awards at the start of November, both going to individuals who assisted the commission with their investigations into ongoing fraudulent schemes. The first whistleblower received $3.6 million for their assistance. The SEC said this whistleblower alerted the agency to overseas misconduct and Read More
Read MoreIn July, the U.S. Securities and Exchange Commission (SEC) issued a $3.8 million award to a whistleblower who assisted the commission by providing crucial information during an ongoing investigation into a fraudulent scheme. According to the press release the SEC put out to announce the award, the whistleblower provided the agency with information that “helped Read More
Read MoreThe United States Securities and Exchange Commission announced an award of $125,000 in June to a whistleblower who went through the SEC’s whistleblower program to report wrongdoing. According to SEC representatives, the whistleblower’s information and assistance helped the SEC and another agency it was working with on the case bring a successful enforcement action against Read More
Read MoreThe most recent SEC whistleblower award was a $3.8 million bounty to a whistleblower who offered information to the agency that resulted in a successful enforcement action. As always, the information provided by the SEC about the whistleblower award was vague so as to protect the identity of the whistleblower. The SEC said the whistleblower Read More
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