Whistleblower
Advocates
Award Winning Attorneys
An SEC whistleblower award can range between 10-30% of the monetary sanctions collected in a qualifying enforcement action. Where the award falls is up to the agency’s discretion. Certain criteria may increase an award, such as the significance of the information provided by the whistleblower, the assistance provided by the whistleblower, the law enforcement interest in making an award and the participation of the whistleblower in internal reporting systems.
Both positive and negative factors are used to determine the award. Below are the factors, and how they appear to relate to the published awards.
*To protect the identity of SEC whistleblowers, Commission award and denial orders have limited information. As such, we used all available public information to identify the key factors relied upon by the SEC in its determinations. Undoubtedly, in many cases, other non-public factors influenced the Commission’s decision-making.
*To protect the identity of SEC whistleblowers, Commission award and denial orders have limited information. As such, we used all available public information to identify the key factors relied upon by the SEC in its determinations. Undoubtedly, in many cases, other non-public factors influenced the Commission’s decision-making.