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  • SEC issues two separate whistleblower awards totaling over $800,000

    On June 23, the SEC announced a $125,000 award to a whistleblower in an enforcement action. According to the press release, the whistleblower’s “information and assistance helped both the SEC and another agency bring successful actions against the perpetrator of a fraudulent securities offering.”...

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  • CFTC awards $6 million to whistleblower for CEA action

    On June 9, the Commodity Futures Trading Commission (CFTC) announced a more than $6 million whistleblower award to a claimant who reported “specific, credible and timely” information that led to a successful Commodity Exchange Act (CEA) enforcement action. The associated order notes that the...

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  • SEC issues $50 million, whistleblower award, highest ever to one individual

    On June 4, the SEC announced a nearly $50 million award to a whistleblower in an enforcement action, the largest amount ever awarded to one individual under the SEC’s whistleblower program. According to the SEC’s order , in applying the reward criteria, the SEC determined that the whistleblower (i...

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  • SEC issues $2 million whistleblower award

    On May 4, the SEC announced a nearly $2 million award to a whistleblower in an enforcement action. According to the SEC’s press release, the whistleblower’s “information and assistance helped the agency bring a successful enforcement action and allowed investors to recover much of their money.” The...

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  • SEC issues $18 million whistleblower award

    On April 28, the SEC announced an award of more than $18 million to a whistleblower in an enforcement action. According to the SEC’s press release, the whistleblower’s “significant information prompted an examination that resulted in an important enforcement action.” The formal order also states...

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  • SEC issues multiple whistleblower awards

    On April 20, the SEC announced a $5 million award to a whistleblower in an enforcement action. According to the SEC’s press release, the whistleblower “provided critical evidence of wrongdoing, which helped save time and resources in the SEC’s investigation.” The formal order also states that the...

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  • SEC issues $2 million whistleblower award

    On April 3, the SEC announced an approximately $2 million award to a whistleblower in an enforcement action. According to the SEC’s press release, the whistleblower “provided vital information and assistance that substantially contributed to an ongoing investigation” that would otherwise have “been...

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  • SEC announces $450,000 compliance-related whistleblower award

    On March 30, the SEC announced a $450,000 award to a whistleblower in an enforcement action. According to the formal order , the whistleblower—who had compliance-related responsibilities at the company at issue in the enforcement action—suffered “unique hardships” after first attempting to report...

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  • SEC issues multiple whistleblower awards

    On March 24, the SEC announced awards of over $570,000 to two whistleblowers for providing “significant information and assistance that helped the Commission bring multiple successful enforcement actions.” According to the formal order , the first whistleblower received an award of approximately $...

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  • CFPB announces advisory opinion program, updates business conduct bulletin, proposes whistleblower award legislation

    On March 6, the CFPB announced three new measures it is undertaking to prevent customer harm, including (i) implementing an advisory opinion program; (ii) updating its bulletin regarding responsible business conduct; and (iii) advancing whistleblower award legislation through engagement with...

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