SEC WHISTLEBLOWER PROGRAM

SEC WHISTLEBLOWER APPLICATIONS DENIED TO DATE

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.

SEC Whistleblower Awards to Date Key Considerations

Eligibility Requirements

Date	Description	Denial Justification	Key Docs
9/28/2020	No reason specified. The SEC merely noted the denial and joint Claimants’ non-appeal, in an Order providing an award to another Claimant.	None Disclosed	Order
9/25/2020	No reason specified. The SEC merely noted the denial and joint Claimants’ non-appeal, in an Order providing an award to another Claimant.	None Disclosed	Order
9/23/2020	Claimant’s application was denied upon the SEC’s finding that he/she knowingly and willfully made false, fictitious or fraudulent representations in sworn testimony before Commission staff.	Applicant Knowingly Made False, Fictitious, or Fraudulent Statements or Representations Ineligible Applicant	Order
9/21/2020	No reason specified for denials of two applications. The SEC merely noted the denials and Claimants’ non-appeals, in an Order providing an award to another Claimant.	None Disclosed	Order
9/20/2020	Two Claimants’ appeals denied on the basis that they did not communicate with or provide any information to SEC Enforcement staff. Also, one of their award applications was not timely submitted.	Form and Manner of Submission/Application Did Not Comply With Program Rules Information Did Not Lead to the Successful Enforcement Action	Order
9/17/2020	No reason specified for denials of two applications. The SEC merely noted the denials and Claimants’ non-appeals, in an Order providing an award to other Claimants.	None Disclosed	Order
9/14/2020	The SEC found that, inter alia, information provided by seven (7) Complainants concerned conduct in countries that were not relevant in the Covered Action.	Information Did Not Lead to the Successful Enforcement Action Not Original Information	Order
9/14/2020	The SEC did not specify a reason for the denials of two Claimants’ applications. It merely noted the denials and Claimants’ non-appeals, in an Order providing an award to a different Claimant.	None Disclosed	Order
9/14/2020	The SEC’s investigative team did not receive information from or communicate with the Claimant.	Information Did Not Lead to the Successful Enforcement Action	Order
9/14/2020	The SEC’s investigative team did not receive information from or communicate with the Claimant.	Information Did Not Lead to the Successful Enforcement Action	Order