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SEC WHISTLEBLOWER PROGRAM

SEC Whistleblower Awards to Date

Established by the Dodd-Frank Act in 2010, the SEC’s bounty program grants eligible whistleblowers 10-30% of monetary sanctions levied by the SEC in an enforcement action where total sanctions exceed $1 million.

In our list of whistleblower bounties granted to date, we do more than just tell you an award amount. We want our clients & friends to know what factors contributed to the tipster’s success, and to provide key documents issued by the SEC for each award. For additional information, learn more about how the SEC whistleblower award process works.

Amount Awarded Date Description Factors Key Docs
114M 10/22/2020 $114 million was issued to a whistleblower whose assistance led to successful SEC and related actions.
  • Significance of the Information Provided
  • Assistance Provided
82M 3/19/2018 The Commission announced the highest ever whistleblower award to three whistleblowers who provided significant information that led to a successful enforcement action. Significantly, the Commission noted that awards were reduced because of delayed reporting.
  • Significance of the Information Provided
  • Assistance Provided
  • Unreasonable Reporting Delay
54M 9/06/2018 Two whistleblowers provided specific and timely information to the Commission that led to a successful enforcement action. Whistleblower one was first to report, but the other whistleblower significantly contributed to the success of the case. The Commission noted that whistleblower 2's award was reduced because of unreasonable delay. Both whistleblowers were denied an award associated with a related CFTC action.
  • Significance of the Information Provided
  • Assistance Provided
  • Unreasonable Reporting Delay
50M 4/15/2021 Joint Claimants were credited with providing exemplary assistance to the SEC during its investigation, including meeting with staff numerous times and providing voluminous detailed documents. The SEC further found that their information resulted in the return of tens of millions of dollars to harmed investors.
  • Significance of the Information Provided
  • Assistance Provided
50M 3/26/2019 Two whistleblowers provided high-quality information that assisted the SEC in bringing a successful enforcement action, efficiently. The Staff described them as providing "smoking gun" evidence and indispensable assistance. The Commission noted that whistleblower 1's award was reduced due to unreasonable delay.
  • Significance of the Information Provided
  • Assistance Provided
  • Unreasonable Reporting Delay
  • Interference with Internal Compliance and Reporting Systems
35M 9/22/2014 A foreign whistleblower provided the SEC with key information about an ongoing fraud that would have been very difficult to detect without his/her assistance. The monetary award was reduced because the Commission deemed his/her delay in reporting unreasonable, noting that investors continued to suffer losses.
  • Significance of the Information Provided
  • Assistance Provided
  • Unreasonable Reporting Delay
30M 9/30/2020 The SEC awarded nearly $30 million to two inside whistleblowers. The first received approximately $22 million and the second whistleblower received approximately $7 million.
  • Significance of the Information Provided
  • Assistance Provided
  • Law Enforcement Interest
  • Participation in Internal Compliance Systems
28M 5/19/2021 While a substantial award, the percentage of sanctions awarded was evidently less than the statutory maximum, because Claimant's information apparently concerned conduct that ultimately was not charged. Rather, the charges brought concerned similar conduct in different geographical regions.
28M 11/03/2020 A $28 million award for an employee whistleblower who tipped the SEC to misconduct at a publicly traded company.
  • Significance of the Information Provided
  • Assistance Provided
  • Law Enforcement Interest
  • Participation in Internal Compliance Systems
27M 5/17/2021 The SEC's Claims Review Staff recommended an increase in the percentage of a whistleblower award to joint Claimants, which the SEC adopted. Although the whistleblowers' information was already largely known to the SEC, some of it was new, they were abundantly helpful, and also had internally reported.
  • Assistance Provided
  • Law Enforcement Interest
  • Participation in Internal Compliance Systems
$ 0 m

Balance of Investor Protection Fund From Which Awards Are Paid (as of FY2020)

$ 0 m

SEC Whistleblower Awards Paid to Date

0

Number of SEC whistleblower submissions in FY2020

More in SEC Whistleblower Awards
Facts & Figures

Awards Denied
Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal and NPR
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