By Steve Kardell | Published January 26, 2023 | Posted in Fraud, Whistleblower Litigation | Tagged Tags: cryptocurrency, SEC, SEC whistleblower awards |
The Securities and Exchange Commission (SEC) just released their Whistleblower Program report for the 2022 fiscal year. The Whistleblower Program incentivizes whistleblowers to report wrongdoing. The findings reveal that the program has been more successful than ever. Here’s an overview of the 2022 findings. Over $6.3 billion in sanctions and $1.3 billion in awards The Read More
Read MoreInvestment and public interest groups applaud recent changes in Securities and Exchange Commission (SEC) rules. After previous efforts to weaken these rules, the SEC restored the regulations to better award whistleblowers and protect investors. An effective approach The whistleblower rule dates back to 2011. They awarded over $1 billion to whistleblowers who revealed insider trading Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) recently issued a $14 million award to a whistleblower who published an online report that exposed ongoing fraud. That whistleblower shared the same information days later with the SEC. They were proactive in reaching out to the staff and assisting the commission in opening an investigation that resulted Read More
Read MoreThe Securities and Exchange Commission (SEC) recently awarded three compliance professionals a joint award of $1 million for their role in helping the agency uncover and prosecute misconduct at their firm. As is always the case with SEC whistleblower awards, the identities of those whistleblowers were kept private, as well as any potential identifying information, Read More
Read MoreApril 2020 was a busy month for the SEC’s Office of the Whistleblower and its whistleblower award program. The headline award of the month was a $27 million award to a single whistleblower, which ranks among the larger awards given out by the SEC since the inception of its program. The award also helped the Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) recently announced that it issued its largest whistleblower award ever, breaking the previous record of a $30 million award it handed out in 2014. The SEC split a $50 million pot between two whistleblowers, with one taking home more than $33 million. No further information was provided about Read More
Read MoreIn late July, Securities and Exchange Commission (SEC) officials announced there were two more cases in which the regulator handed out whistleblower awards, totaling $4.2 million for the two whistleblowers. The total of the whistleblower payments distributed through the program is now at $158 million. One of the awards was announced on July 27 and Read More
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