Tag: Whistleblower

Whistleblower
May 10, 2023 BY Steffy Bogdanova

SEC gives $279 million to whistleblower in the largest-ever award

Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, said: The size of today’s award – the highest in our program’s history – not only incentivizes whistleblowers to come forward with accurate information about potential securities law violations, but also reflects the tremendous success of our whistleblower program. This success directly benefits investors, as…

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Whistleblower
December 20, 2022 BY Steffy Bogdanova

Whistleblower receives over a $37 million award from SEC

Creola Kelly, Acting Chief of the SEC’s Office of the Whistleblower said: The whistleblower here made persistent efforts to bring the conduct to the attention of the SEC, another agency, and the company and is credited with the results of the company’s internal investigation. Payment of the awards is taken out of an investor protection…

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Whistleblower
December 13, 2022 BY Steffy Bogdanova

Whistleblower receives a $20 million award from SEC

Creola Kelly, Acting Chief of the SEC’s Office of the Whistleblower said: Whistleblowers may lead to the success of an enforcement matter by providing information that causes an investigation or examination to open or that meaningfully advances an existing investigation. Payment of the awards is taken out of an investor protection fund set up by…

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Whistleblower
November 29, 2022 BY Steffy Bogdanova

SEC gives a $20 million award to a whistleblower

Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible for the award, a whistleblower needs to voluntarily provide the commission with reliable information that leads to successful enforcement action. The awards range…

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Whistleblower
November 01, 2022 BY Steffy Bogdanova

Whistleblower receives more than $10 million from SEC

Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible for the award, a whistleblower needs to voluntarily provide the commission with reliable information that leads to successful enforcement action. The awards range…

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Whistleblower
August 11, 2022 BY Steffy Bogdanova

Two whistleblowers receive over $16 million from SEC

The second whistleblower received over $3 million. They presented to the agency important new information during the course of the investigation. Creola Kelly, Chief of the SEC’s Office of the Whistleblower, said: The information and assistance provided by these two whistleblowers in helping to identify complex wrongdoing demonstrates the importance of the whistleblower program to…

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Whistleblower
July 18, 2022 BY Steffy Bogdanova

Two whistleblowers receive over $6 million from SEC

Another whistleblower received over $3 million for providing the regulator information which started an investigation. The individual was an insider who initially reported their concerns internally. Later they submitted a detailed tip and met with the SEC’s Enforcement staff a few times to provide additional information in the course of the investigation. Creola Kelly, Chief…

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Whistleblower
January 24, 2022 BY Steffy Bogdanova

Four whistleblowers receive over $40 million from SEC

The third award SEC issued was $1.5 million to a whistleblower whose information shaped staff’s investigative strategy and significantly contributed to the success of the covered action. The individual provided substantial and ongoing assistance to the SEC by helping them identify issues. Creola Kelly, Chief of the SEC’s Office of the Whistleblower, said: Credible tips…

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Whistleblower
January 07, 2022 BY Steffy Bogdanova

Whistleblower receives more than $13 million from SEC

So far, the agency has awarded over $1.2 billion to a total of 238 individuals since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…

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Whistleblower
November 23, 2021 BY Steffy Bogdanova

Whistleblowers receive more than $10.4 million from SEC

Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower said: Today’s whistleblowers provided information and assistance that proved critical to several enforcement actions. Their information allowed the agency to conserve significant resources and to bring each action more efficiently. So far, the agency has awarded over $1.2 billion to a total of 233…

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