The truth is, of the 7,000 or so submissions the SEC receives each year, the lion’s share never even make it to an investigative team. (Sidebar: our submissions usually do.) Nearly half of those denials didn’t make the cut because the submissions didn’t follow the program rules.
This keeps us awake at night.
| Date | Description | Denial Justification | Key Docs |
|---|---|---|---|
| 6/13/2021 | Claimant's information was never provided to or used by SEC staff in the investigation or resulting Covered Action, and Claimant did not specify in his/her award claim the submission on which the application was based.. |
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| 6/07/2021 | The SEC's Division of Examinations could not corroborate Claimant's information, which therefore was not provided to investigative staff. |
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| 6/02/2021 | Claimant's information was never provided to or used by SEC staff in the investigation or resulting Covered Action. |
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| 6/02/2021 | It appeared Claimant's tip was not received until after the Covered Action was filed, and Claimant did not specify in his/her award claim the submission on which the application was based. |
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| 5/28/2021 | Claimant failed to file for an award in the proscribed fashion, and the failure was not excused due to a lengthy, unexplained period in which the failure was not corrected. |
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| 5/28/2021 | Claimant's information - provided more than four years after the SEC had opened its investigation - was either already known to the SEC or did not serve as the basis for any charges included in the Covered Action. |
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| 5/27/2021 | Two Claimant/applicants were denied awards. One did not appeal. The other did not provide any information until the SEC's investigation was underway, and investigative staff did not rely on it. |
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| 5/21/2021 | Claimant was denied an award as he/she didn't file the tip on a Form TCR, and did not correct such failure within 30 days of retaining counsel. |
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| 5/19/2021 | Claimant's information was never provided to or used by SEC staff in the investigation or resulting Covered Action, and the application for an award was not timely. |
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| 5/19/2021 | Claimant's award application was denied because his/her information was never provided to or used by SEC staff in the investigation or resulting Covered Action. |
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