Seminar ID: 108929

Tips From SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award

Tips From SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award

What is the SEC Whistleblower Program?

The SEC Whistleblower Office, in its short history, has successfully exposed violations of federal securities law and appropriately rewarded whistleblowers who provided information about those violations. Since 2011, the SEC Whistleblower Office has received over 18,000 tips, some of which led to enforcement actions resulting in a total of over $584 million in sanctions (including more than $346 million in disgorgement and interest). Furthermore, the whistleblower office has issued well over $100 million in awards to whistleblowers for information and assistance. In 2016 alone, the SEC awarded more than $57 million to whistleblowers. Notably, many of the largest SEC whistleblower awards have been issued in the past year. This white paper reviews what employment protections are available for SEC whistleblowers, what violations qualify for an award, and who is an eligible whistleblower.