Difference between revisions of "SEC Whistleblower Program"

Notably, FY 2021 is shaping up to be the best year in the SEC Whistleblower Program’s history. '''On October 22, 2020, the SEC issued the largest whistleblower award in the program’s history of [https://www.sec.gov/news/press-release/2020-266 $114 million]'''. In addition, according to the SEC’s 2020 [https://www.sec.gov/files/sec-2020-agency-financial-report_1.pdf Agency Report], the SEC recognized a $255 million contingent liability for potential whistleblower awards to be paid in FY 2021.

Notably, FY 2021 is shaping up to be the best year in the SEC Whistleblower Program’s history. '''On October 22, 2020, the SEC issued the largest whistleblower award in the program’s history of [https://www.sec.gov/news/press-release/2020-266 $114 million]'''. In addition, according to the SEC’s 2020 [https://www.sec.gov/files/sec-2020-agency-financial-report_1.pdf Agency Report], the SEC recognized a $255 million contingent liability for potential whistleblower awards to be paid in FY 2021.

In 2011, the SEC Office of the Whistleblower was created pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) to run the SEC Whistleblower Reward Program. The program offers monetary incentives to individuals who report information about violations of the federal securities laws to the SEC. '''[https://www.forbes.com/sites/realspin/2017/07/18/one-billion-reasons-why-the-sec-whistleblower-reward-program-is-effective/?sh=6b06bf9a3009#526977113009 In its short history, the SEC Whistleblower Reward Program has been extraordinarily successful in enabling the SEC root out securities fraud and protect investors.]''' To date, the SEC Office of the Whistleblower has issued more than $500 million in awards to whistleblowers.

In 2011, the SEC Office of the Whistleblower was created pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) to run the SEC Whistleblower Reward Program. The program offers monetary incentives to individuals who report information about violations of the federal securities laws to the SEC. '''[https://www.forbes.com/sites/realspin/2017/07/18/one-billion-reasons-why-the-sec-whistleblower-reward-program-is-effective/?sh=6b06bf9a3009#526977113009 In its short history, the SEC Whistleblower Reward Program has been extraordinarily successful in enabling the SEC root out securities fraud and protect investors.]''' To date, the SEC Office of the Whistleblower has issued more than $500 million in awards to whistleblowers.