Difference between revisions of "SEC Whistleblower Program"

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=='''SEC Whistleblower Rules'''==
=='''SEC Whistleblower Rules'''==


Under the rules of the program, the SEC Office of the Whistleblower is required to issue awards to eligible whistleblowers who provide original information that leads to successful enforcement actions with total monetary sanctions in excess of $1 million. In exchange for the specific and credible tips, whistleblowers will receive an award of between 10% and 30% of the total monetary sanctions collected. The SEC considers positive and negative factors when determining an award percentage.  
Under the rules of the program, the SEC Office of the Whistleblower is required to issue awards to eligible whistleblowers who provide original information that leads to successful enforcement actions with total monetary sanctions in excess of $1 million. In exchange for the specific and credible tips, '''whistleblowers will receive an award of between 10% and 30% of the total monetary sanctions collected.''' The SEC considers positive and negative factors when determining an award percentage.  


The program allows individuals to submit information anonymously to the SEC Office of the Whistleblower if represented by an attorney. Whistleblowers are also afforded substantial protection against retaliation.
The program allows individuals to submit information anonymously to the SEC Office of the Whistleblower if represented by an attorney. Whistleblowers are also afforded substantial protection against retaliation.
Regardless of citizenship, under the [https://www.zuckermanlaw.com/sec-whistleblower-lawyers/ SEC Whistleblower Program], whistleblowers are eligible for monetary awards when they provide original information to the SEC about violations of federal securities laws.
Since the inception of the whistleblower program, tips have come from whistleblowers in [https://www.sec.gov/files/sec-2018-annual-report-whistleblower-program.pdf '''119 countries outside of the United States''']. In 2018 alone, the SEC received tips from whistleblowers in 72 foreign countries. The SEC Whistleblower Office received the highest number of tips from whistleblowers in the: United Kingdom, Canada, and Australia.
To date, the SEC Whistleblower Office has issued approximately [https://www.zuckermanlaw.com/sp_faq/largest-sec-whistleblower-awards/ $1 billion in awards to whistleblowers]. The [https://www.zuckermanlaw.com/sp_faq/largest-sec-whistleblower-awards/ largest SEC whistleblower awards to date] are $50 million, $39 million, and $37 million. For more information about the SEC Whistleblower Program, see the eBook [https://www.zuckermanlaw.com/sec-whistleblower-lawyers/ ''Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award''].


=='''Criteria for Determining the Amount of a Whistleblower Award'''==
=='''Criteria for Determining the Amount of a Whistleblower Award'''==