How should SEC whistleblower awards be calculated? In a working paper, I address this timely question.… Continue Reading
The Securities and Exchange Commission awarded more than $1.8 million to a whistleblower who provided critically important information and assistance to an enforcement action involving overseas misconduct.
The SEC’s Office of the Whistleblower received 5,282 tips during FY2018, including 202 FCPA-related complaints.
Overall, tips came from individuals in 72 foreign countries and the United States.
The SEC’s fiscal year ended on September 30.… Continue Reading
The Securities and Exchange Commission reduced a whistleblower award to $1.5 million Friday because the whistleblower was “culpable” and delayed reporting the misconduct for a year.
The whistleblower provided “vital information and ongoing assistance that proved important to the overall success of an enforcement action.”… Continue Reading
The SEC Thursday awarded more than $2.1 million to a former company insider “whose information led to multiple successful enforcement actions.”
The whistleblower’s information “strongly supported the findings in the underlying actions,” the SEC said.… Continue Reading
The Securities and Exchange Commission Tuesday awarded more than $4.1 million to a former company insider who alerted the agency to “a widespread, multi-year securities law violation.”
The whistleblower, a foreign national working outside the United States, also helped during the SEC’s investigation, the agency said.… Continue Reading
The Securities and Exchange Commission Thursday announced awards of more than $8 million each to two whistleblowers who helped the SEC bring a successful enforcement action.
The SEC denied awards to five other whistleblowers for the same case.… Continue Reading