Whistleblower
Advocates
Award Winning Attorneys
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 |
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| 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. |
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| 23M | 6/02/2021 | A pair of Claimants received awards for tips and assistance that helped put an end to a complex fraudulent scheme involving multiple individuals and tens of millions of dollars in ill-gotten gains. One Claimant's award application was submitted late but the SEC waived the deadline upon finding it would have resulted in undue hardship to the Claimant, who faced "certain unique obstacles." |
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| 22M | 8/30/2016 | The whistleblower, a company employee, provided the SEC with detailed information and assistance that led to the successful enforcement action. Without the whistleblower's courage, information and assistance, it would have been extremely difficult for law enforcement to discover this complex securities fraud on its own. |
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| 22M | 5/10/2021 | Two Claimants received this award, in unequal parts. The lion's share was awarded to the Claimant who reported first, several years before the other, whose award was also reduced due to an unreasonable reporting delay. |
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| 20M | 11/14/2016 | The whistleblower promptly came forward and provided valuable information that led to the successful SEC enforcement action. Notably, the whistleblower enabled the Staff to stop the wrongdoers before they could squander almost any investor funds. |
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| 18M | 4/28/2020 | Whistleblower provided valuable information and assistance that led to a successful enforcement action. The Staff noted that the tip initiated an OCIE exam, millions of dollars were returned to injured investors, multiple attempts to report and stop the problem, and hardships as a result of reporting. Significantly, the Commissioned adjusted downward somewhat because the majority of misconduct was not reported by the whistleblower but discovered by the Staff during their examination/investigation.
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| 17M | 6/09/2016 | The whistleblower, a former company employee, provided the SEC with detailed information and assistance that led to the successful enforcement action. The whistleblower enabled the Staff to conserve time and resources and strengthen the evidence supporting the Commission's case. |
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| 14M | 9/30/2013 | Whistleblower provided information and assistance about ongoing securities violations that allowed the SEC to bring an enforcement action against the perpetrators within 6 months and recover substantial investor funds. |
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| 10M | 10/29/2020 | A $10M award for a whistleblower whose tip prompted the opening of an investigation and who provided substantial assistance throughout the investigation |
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| 9.2M | 2/23/2021 | This award was based on Related Actions; Claimant previously received an award based on a Covered Action brought by the SEC, which is a prerequisite for such an award. One of the underlying Related Actions was a deferred prosecution agreement with the DOJ, as authorized under newly adopted whistleblower program rules. |
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Balance of Investor Protection Fund From Which Awards Are Paid (as of FY2021)
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SEC Whistleblower Awards Paid (As of FY2021)
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Number of SEC whistleblower submissions in FY2021
