International Whistleblowers

The largest award in the history of the SEC Whistleblower Program—more than $30 million—was paid to an international whistleblower.

The economy is global, and sadly, so is securities fraud.

While the SEC Whistleblower Program applies to violations of the U.S. securities laws, those violations may occur anywhere in the world. While each case is different and jurisdictional issues can be complex, organizations (or individuals) may be subject to SEC jurisdiction if they have investors, investments, operations, employees, or clients in the United States.

Fortunately, whistleblowers from all walks of life and every corner of the globe are coming forward. By the thousands.

Since the program’s inception, submissions have come from whistleblowers in 103 countries, accounting for approximately 10 percent of all the agency’s tips. Countries with the highest concentration of whistleblowers include the United Kingdom, Canada, Australia, and China. International whistleblowers have secured a number of significant bounties, including the largest monetary award paid out by the SEC.

Recognized as pioneers in the field, in addition to our work representing international clients, we are regularly called upon to advise and comment on securities enforcement and whistleblower related matters in foreign jurisdictions. By way of example, in recent years, we have made presentations at the United Nations, UK House of Commons, Australian Parliament, and numerous international business and law schools.