The Securities and Exchange Commission (SEC), a government agency whose mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation, has a rich history dating back to 1934. The SEC's responsibility extends beyond the operation of the financial markets, as it is also tasked with enforcing the nation's securities laws, including whistleblower protection rules.
Notably, on September 9, 2024, the SEC announced that it had settled charges agains...
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SEC Whistleblowers
$104 Million Reward to Seven Whistleblowers
SEC Awards More Than $104 Million to Seven Whistleblowers
Today, the Securities and Exchange Commission recognized the valuable contributions of seven individuals who assisted in a successful SEC enforcement action. Their combined award of over $104 million is the fourth largest in the history of the SEC's whistleblower program.
These individuals provided specific and credible information that helped prompt or significantly contribute to an SEC investigation. They sat for interviews, identif...
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SEC’s largest-ever whistleblower award of $279 million to Ericsson Tipster
The largest-ever award in the Security and Exchange Commission’s cash-for-tips program was related to Ericsson’s bribery case.
Did you hear about the recent whistleblower award issued by the Securities and Exchange Commission? It was a whopping $279 million! The award came from a bribery case against Ericsson, a telecommunications company that allegedly made illegal payments to win business in five countries. The case was a big deal and made headlines around the world.
According to insiders,...
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Whistleblower Awarded $279 Million – The Largest SEC Award to Date
The U.S. Securities and Exchange Commission (SEC) has issued its largest-ever award of nearly $279 million to a whistleblower whose information helped the regulator's enforcement action, it said on Friday.
The regulator did not disclose the case concerned in its statement.
The award is more than double the $114 million it issued in October 2020.
As this award shows, there is a significant incentive for whistleblowers to come forward with accurate information about potential securities...
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Whistleblowers Awarded Over $54 Million by SEC
SEC Awards More Than $320 Million
The Securities and Exchange Commission is awarding $39 million to one whistleblower and $15 million to another whose critical information and continued assistance helped the agency bring an important enforcement action. The $39 million award is the second-largest award in the history of the SEC’s whistleblower program.
“Whistleblowers serve as invaluable sources of information, and can propel an investigation forward by helping us overcome obstacles and...
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Largest-Ever SEC Whistleblower Award
Washington D.C.,- The Securities and Exchange Commission today announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million. The previous high was a $30 million award in 2014.
“These awards demonstrate that whistleblowers can provide the SEC with incredibly significant information that enables us to pursue and remedy serious violations that might otherwise go unnoticed,” said J...
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Business Insider / Foreign National Awarded $4.1 Million
The Securities and Exchange Commission awarded more than $4.1 million to a former company insider who alerted the agency to a widespread, multi-year securities law violation and continued to provide important information and assistance throughout the SEC’s investigation.
“Company insiders often have valuable information that can help the SEC halt an ongoing securities law violation and better protect investors,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “The breadth o...
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Over $162 million awarded to 47 Whistleblowers by SEC
The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers.
“Today’s award reflects the impact that whistleblower information can have in uncovering violations that harm the retail investor,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “W...
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Monsanto Whistleblower Receives $22.5M
A former Monsanto Co. financial executive who tipped off regulators about the agribusiness giant’s accounting practices involving rebates for its Roundup weed-killer will get nearly $22.5 million as a whistleblower, federal securities regulators announced Tuesday, Aug. 30, 2016
KANSAS CITY, Mo. — A former Monsanto Co. financial executive who tipped off regulators about the agribusiness giant’s accounting practices involving rebates for its Roundup weed-killer will get nearly $22.5 million a...
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$3.5 Million Whistleblower Awarded By SEC
The Security and Exchange Commission announced a whistleblower award of over $3.5 million to a company employee whose tip bolstered an ongoing investigation with additional evidence of wrongdoing that strengthened the SEC’s case.
By law, the SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower’s identity.
For some background, the SEC’s whistleblower program has now awarded more than $62 million to 28 w...
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