A new (and more transparent) way to calculate SEC whistleblower awards
Amanda M. Rose
October 9, 2019
How should SEC whistleblower awards be calculated? In a working paper, I address this timely question.… Continue Reading
Editors
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
SEC awards whistleblower $1.8 million for ‘stellar information’
Harry Cassin
August 30, 2019
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 redacted award order (pdf) didn’t provide other details about the whistleblower or the company involved.… Continue Reading
SEC awards joint whistleblowers $3 million
Richard L. Cassin
June 3, 2019
The Securities and Exchange Commission awarded two whistleblowers $3 million Monday for providing a tip that led to a “successful enforcement action involving an alleged securities law violation that impacted retail investors.”… Continue Reading
SEC awards whistleblower $4.5 million
Richard L. Cassin
May 27, 2019
The Securities and Exchange Commission awarded more than $4.5 million to a whistleblower whose tip triggered the company to launch an internal investigation and report the whistleblower’s allegations to the SEC and another agency.… Continue Reading
SEC awards $50 million to two whistleblowers
Harry Cassin
March 26, 2019
The Securities and Exchange Commission said Tuesday it awarded two whistleblowers $50 million in the same case. One award was $13 million and the other award was $37 million.
The $37 million award is the SEC’s third-biggest award ever.… Continue Reading
SEC receives 202 FCPA whistleblower tips FY2018
Richard L. Cassin
November 21, 2018
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
Tardy SEC whistleblower earns reduced award
Richard L. Cassin
September 14, 2018
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
SEC awards whistleblower $2.1 million
Richard L. Cassin
April 13, 2018
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
SEC whistleblower collects $2.2 million
Richard L. Cassin
April 6, 2018
The Securities and Exchange Commission Thursday awarded more than $2.2 million to a former company insider who first reported the information to another federal agency before taking it to the SEC.… Continue Reading
SEC awards three whistleblowers $83 million
Richard L. Cassin
March 19, 2018
The Securities and Exchange Commission made its biggest-ever whistleblower award Monday. It gave one person more than $33 million, and in the same case split nearly $50 million between two others.… Continue Reading
SEC awards foreign whistleblower $4.1 million
Richard L. Cassin
December 5, 2017
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
Two SEC whistleblowers split $16 million
Richard L. Cassin
November 30, 2017
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