Search Site

Whistleblowers Receive Record Awards This Year

The U.S. Securities and Exchange Commission (SEC) has again ramped up the number of awards it gives out for individuals who blow the whistle on corrupt or illegal practices happening within their businesses, organizations or government agencies. It looks as if 2016 will be a record year for the program, as there have already been 10 awards and a total of $26 million provided to whistleblowers through the first half of the year alone.

The SEC’s Whistleblower Program, launched in 2011, provides monetary awards to people who help the agency uncover violations. To be eligible for an award, an individual must voluntarily provide the SEC with information related to violations of U.S. securities or bribery, and the information must be based on independent analysis or knowledge — and not public sources.

Expanding in scope

The program has grown considerably over the past several years, going from just one award for $50,000 in 2012 to several individual awards this year for more than $1 million each. In June, one individual received $17 million, making it the largest single award given out to date. All of the money the SEC has distributed to whistleblowers in 2016 alone amounts to nearly one-third of all of the awards it has distributed since 2011.

Most whistleblower legal scholars agree that the SEC will continue to increase the numbers and amounts of awards it delivers as time goes on. So, it will come as no surprise if 2017’s numbers outpace this year’s — breaking more records.

To learn more about how you can best protect your business or organization through comprehensive corporate investigations, consult an experienced Dallas attorney at Whistleblower Law for Managers.

Awards & Honors
Our Office
  • Dallas Office
    4514 Cole Ave
    Dallas, Texas 75205
    Phone: 214-306-8045
    Fax: 469-729-9926
As Seen In
In his new book, "Standing Up to China: How a Whistleblower Risked Everything for His Country," former client & Author, Ashley Yablon, quotes Attorney Steve Kardell about Whistelblower Law.
  • "Steve Kardell was terrific in representing me in some very adversarial discussions with Citigroup and also later represented me in my testimony before the Financial Crisis Inquiry Commission."  -Richard Bowen, Citigroup Whistleblower

  • "Incredible knowledge of employee related concerns and equally brilliant knowledge of health care regulations, standards of practice. I would recommend this firm to anyone."  -V.B.

  • "Reaching out to Steve Kardell was the best decision I made. His ability to provide immediate insight and direction was very powerful, and a huge relief during a very stressful time period. For anyone struggling with a whistleblower situation, I would highly recommend at least speaking with Steve. After a 10 minute call with him, I had a better understanding of what I was dealing with. Even better, he gave me some immediate hope. In the end Steve did a better job than I thought was possible. Steve was able to get in contact with people in my organization, that I didn’t have access to. Because of his years of experience, he already has contacts in many organizations in Dallas. The entire situation was handled peacefully. I was impressed by his ability to “keep the peace”–rather than creating a battle with the organization. The reason I didn’t reach out to a lawyer initially, was because I thought it would mean an immediate end to any hope of a positive relationship with the company. Steve was able to address my concerns, and in the end I was able to continue to work for them."  -KS

  • "Never thought my career would end like it did after 30 years of service. I was part of the first round of the so called reduction of force. I asked myself how can I be part of this with 30 years of seniority. How did they pick these 90 plus employees? Now, the culture of this organization made you question every decision they made. It wasn’t what you knew it’s was a culture of who you know. Nonetheless, I did not accept their severance package. I immediately starting looking for an attorney who would take on my case. After the initial call to Steve I had hope again. He was open and honest about everything and reassured me he would do his best for me, and he did. I had an awesome outcome. Thanks Steve you’re the best."  -S.S.