$54 Million Awarded to Two Whistleblowers by the SEC-Total Awarded Now Over $320 million

6th September 2018

The Securities and Exchange Commission (“SEC”) awarded $39 million to one whistleblower and $15 million to another whistleblower in the same case whose assistance and critical information helped the SEC bring an important enforcement action, bringing the agency’s total payout for the program to more than $320 million.

The $39 million award is the second-largest award ever made under the SEC’s whistleblower program. The largest to be awarded was $50 million split between two whistleblowers in March.

The Dodd-Frank Wall Street Reform and Consumer Protection Act allows the SEC to give monetary awards to whistleblowers who give the agency information that leads to a successful enforcement action. Whistleblowers can receive between 10 percent and 30 percent of the monetary sanctions paid by the offenders if the sanctions total at least $1 million.

Click here for SEC Press Release