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SEC Issues Whistleblower Awards Totaling $3 Million

The U.S. Securities and Exchange Commission (SEC) recently issued three separate whistleblower awards totaling approximately $3 million. According to the commission, each of these awards featured whistleblowers who voluntarily provided the agency with information that led to a successful enforcement action. The first case resulted in a $1.5 million award to a whistleblower who provided Read More

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SEC Considers Changes to Rules of its Whistleblower Program

On February 10, the U.S. Securities and Exchange Commission announced a pair of proposed changes to some of the rules that govern the agency’s successful whistleblower program. The proposed amendments are to Exchange Act Rules 21F-3 and 6. If the amendments were to be adopted, they would ensure whistleblowers are more appropriately rewarded for their Read More

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SEC Issues $600,000 Whistleblower Award

The U.S. Securities and Exchange Commission (SEC) issued a $600,000 whistleblower award on Tuesday, February 22 to an individual who voluntarily submitted unique, credible information to the agency that led to a successful high-value enforcement action. As is the case with all SEC awards, the agency did not release any information about the whistleblower or Read More

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Whistleblower Receives Award of More Than $2 Million from the SEC

The U.S. Securities and Exchange Commission (SEC) recently awarded a whistleblower more than $2 million for disclosures that resulted in successful enforcement actions by both the SEC and the U.S. Department of Justice (DOJ). The whistleblower had previously received an award in connection to SEC covered action. The new $2 million award was based on Read More

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SEC Whistleblower Program Surpasses $1 Billion Threshold

The SEC whistleblower program achieved a significant milestone at the beginning of September when it surpassed a total of $1 billion in awards. The agency announced this first whistleblower award in 2012, and since that time has seen steady increases in the amount of money it provides in awards to whistleblowers. As of early September, Read More

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SEC Issues Shared $2.6 Million Award to Five Whistleblowers

The 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

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Three Compliance Officers Awarded $1 Million in SEC Claim

The 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

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SEC Issues $3.8 Million Whistleblower Award in Fraud Case

In 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

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SEC Sees Significant Increase in COVID-19 Related Tips and Complaints

The U.S. Securities and Exchange Commission (SEC) noted it has seen a “spike” in tips, complaints and referrals related to COVID-19, prompting brand new investigations for the commission. The agency is specifically focused on fraud relating to the pandemic. According to the SEC, it has issued more than 30 trading suspensions since early February based Read More

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Latest SEC Whistleblower Award: $3.8 Million

The 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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