Whistleblower
Advocates
Award Winning Attorneys
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 |
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| 9/08/2020 | The SEC did not specify a reason for its denial of this Claimant's application. It merely noted the denial and Claimant’s non-appeal, in an Order providing an award to a different Claimant. |
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| 8/31/2020 | The SEC did not specify a reason for its denial of this Claimant's application. It merely noted the denial and Claimant’s non-appeal, in an Order providing an award to a different Claimant. |
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| 8/17/2020 | The SEC’s investigative team did not receive any information from the Claimant. |
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| 8/13/2020 | The SEC issued an opinion denying two appeals. It found that one Claimant reported only after the relevant company had self-reported, and his/her information thus was not “original.” The other claimed to have been the source for a newspaper article about similar unlawful conduct by a competitor, but this information wasn’t provided to the SEC nor did it impact the Covered Action. |
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| 8/08/2020 | The SEC’s investigation was ongoing when it received Claimant’s tip, which did not appear to be “original information” and did not contribute to the Covered Action. |
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| 8/08/2020 | The SEC’s investigative team did not receive information from or communicate with the Claimant. |
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| 8/08/2020 | The SEC had already “opened, completed, and filed” the Covered Action prior to receiving Claimant’s tip, which was unrelated. |
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| 7/31/2020 | The SEC denied awards to Claimants because it had requested information from them before they provided it. The SEC also noted that Claimants appeared ineligible and failed to follow procedural rules. |
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| 7/29/2020 | No award for joint Claimants as the SEC filed the Covered Action before receiving their tip, which consisted of information that was already known, largely in the public domain, or otherwise general and non-specific. |
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| 7/23/2020 | The SEC denied an award to joint Claimant/whistleblowers upon finding that the Covered Action was brought as a result of self-reporting, and Claimants’ information did not contribute. |
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