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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
700K 6/19/2020 Whistleblower provided valuable information and assistance that led to a successful enforcement action. The Staff noted that the whistleblower reported internally, provided significant ongoing assistance, resulting in significant monies being returned to investors, and suffered hardships for coming forward.
  • Significance of the Information Provided
  • Assistance Provided
  • Law Enforcement Interest
  • Participation in Internal Compliance Systems
600K 1/07/2021 Claimant/whistleblower’s tip prompted the SEC to investigate, and he/she provided further assistance with documents, and by meeting in-person and identifying witnesses. Claimant also repeatedly reported the concerns internally.
  • Significance of the Information Provided
  • Assistance Provided
  • Participation in Internal Compliance Systems
600K 4/28/2015 SEC announces award to Labaton whistleblower in first retaliation case. After learning that the whistleblower reported possible securities violations to the Commission, the company immediately engaged in a series of retaliatory actions against the whistleblower, including removing him/her from his/her position, stripping the whistleblower of supervisory responsibilities, and otherwise marginalizing him/her.
  • Significance of the Information Provided
  • Assistance Provided
  • Law Enforcement Interest
  • Participation in Internal Compliance Systems
600K 1/14/2021 The SEC credited Claimant with providing critical investigative leads and substantial assistance to the agency, significantly contributing to the success of the Covered Action.
  • Significance of the Information Provided
  • Assistance Provided
575K 3/02/2015 First SEC whistleblower award to an officer of a public company. This Labaton whistleblower reported internally first, and only after his/her company didn't take appropriate action did he/she provide information and assistance to the Commission.
  • Significance of the Information Provided
  • Assistance Provided
  • Law Enforcement Interest
  • Participation in Internal Compliance Systems
570K 3/24/2020 Whistleblower provided valuable information and assistance that led to several enforcement actions. The Staff noted that he/she reported early saving the Staff time and resources, the misconduct reported was ongoing, the tip closely mirrored actual charges.
  • Significance of the Information Provided
  • Assistance Provided
  • Law Enforcement Interest
500K 12/18/2020 Claimant argued for a higher award percentage but was denied due to unreasonable delay of two years in reporting. However, the SEC did exercise its discretion to excuse Claimant’s failure to follow whistleblower program rules, apparently based on Claimant’s poor legal representation.
  • Significance of the Information Provided
  • Assistance Provided
  • Unreasonable Reporting Delay
500K 3/01/2021 Aggregate of awards provided to two (2) Claimants, based additionally on a Related Action as well as the Covered Action. The SEC’s Order states that investigations were swiftly opened based on Claimants’ tips, which concerned ongoing fraud.
  • Significance of the Information Provided
  • Assistance Provided
  • Law Enforcement Interest
500K 6/23/2019 An overseas whistleblower provided information that led to a successful enforcement action.. The Commission emphasized the whistleblower's timely reporting, hard to detect violations, and inability to provide continuing assistance.
  • Significance of the Information Provided
500K 5/02/2017 A company insider reported hard-to-detect violations of the securities laws to the SEC.
  • Significance of the Information Provided
$ 0 m

Balance of Investor Protection Fund From Which Awards Are Paid (as of FY2021)

$ 0 b+

SEC Whistleblower Awards Paid (As of FY2021)

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Number of SEC whistleblower submissions in FY2021

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, NPR and The New Yorker
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