SEC Whistleblower Program Surpasses $2 Billion in Monetary Sanctions With Latest Whistleblower Award

The Securities and Exchange Commission (SEC) awarded a half-million dollars “to an overseas whistleblower whose expeditious reporting helped the Commission bring a successful enforcement action.” The Commission’s press release further reports that, with this and other recent enforcement actions brought as a result of tips from SEC whistleblowers, the SEC Whistleblower Program has yielded more than $2 billion in monetary sanctions to date.

Each successful enforcement action and monetary award issued to a courageous whistleblower is a win for investors and the public-at-large. But there is something particularly rewarding with actions such as this when we realize the global reach of this crucial investor protection regime. The numbers are compelling. Since the program’s inception, submissions have come from whistleblowers in 103 countries, accounting for approximately 10% of all the agency’s tips, and this percentage has grown by approximately 10% every year. Countries with the highest concentration of whistleblowers include the United Kingdom, Canada, Australia, India and China. Jordan Thomas and his team has represented numerous international whistleblowers in high-profile matters involving a wide-range of securities violations including Corporate Disclosures & Financials, Foreign Corrupt Practices Act, and Trading violations.