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Difference between revisions of "SEC Whistleblower Program"
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Retaliation for whistleblowing to the SEC is also proscribed by the whistleblower protection provision of the '''[https://whistleblower-rewards-and-protections-wiki.zuckermanlaw.com/index.php/Whistleblower_Protection_Laws Sarbanes-Oxley Act (“SOX”)]'''. The remedies are similar to those under Dodd-Frank, but SOX also includes special damages, such as emotional distress, impairment of reputation, and other noneconomic harm resulting from retaliation. Click [https://www.zuckermanlaw.com/sec-whistleblower-retaliation-tools-to-combat-retaliation-and-protect-sec-whistleblowers/ here] for information about additional options to combat retaliation against SEC whistleblowers. | Retaliation for whistleblowing to the SEC is also proscribed by the whistleblower protection provision of the '''[https://whistleblower-rewards-and-protections-wiki.zuckermanlaw.com/index.php/Whistleblower_Protection_Laws Sarbanes-Oxley Act (“SOX”)]'''. The remedies are similar to those under Dodd-Frank, but SOX also includes special damages, such as emotional distress, impairment of reputation, and other noneconomic harm resulting from retaliation. Click [https://www.zuckermanlaw.com/sec-whistleblower-retaliation-tools-to-combat-retaliation-and-protect-sec-whistleblowers/ here] for information about additional options to combat retaliation against SEC whistleblowers. | ||
== Largest SEC Whistleblower Awards == | |||
Since 2012, the SEC has issued more than $1 billion in SEC whistleblower awards, which includes several awards to our clients. In 2020 alone, the SEC issued five of the top SEC whistleblower awards, totaling more than $241 million. [https://www.zuckermanlaw.com/sec-whistleblower-lawyers/ The largest SEC whistleblower awards] to date are: | |||
*$114 million SEC whistleblower award (October 22, 2020) | |||
*$110 million SEC whistleblower award (September 15, 2021) | |||
*$50 million SEC whistleblower award (April 15, 2021) | |||
*$50 million SEC whistleblower award (June 4, 2020) | |||
*$50 million SEC whistleblower award (March 19, 2018) | |||
*$39 million SEC whistleblower award (September 6, 2018) | |||
*$37 million SEC whistleblower award (March 26, 2019) | |||
*$33 million SEC whistleblower award (March 19, 2018) | |||
*$30 million SEC whistleblower award (September 22, 2014) | |||
*$28 million SEC whistleblower award (May 19, 2021) | |||
*$28 million SEC whistleblower award (November 3, 2020) | |||
*$27 million SEC whistleblower award (May 17, 2021) | |||
*$27 million SEC whistleblower award (April 16, 2020) | |||
*$23 million SEC whistleblower award (June 2, 2021) | |||
*$22 million SEC whistleblower award (May 10, 2021) | |||
*$22 million SEC whistleblower award (September 30, 2020) | |||
Under the SEC whistleblower-reward program, the SEC is required to issue awards to eligible whistleblowers who provide original information that leads to successful SEC enforcement actions with total monetary sanctions exceeding $1 million. A whistleblower may receive an award of between 10% and 30% of the total monetary sanctions collected. | |||