SEC Exceeds $1 Billion in Whistleblower Awards

16th September 2021

The Securities and Exchange Commission (“SEC”) announced that its whistleblower program has now paid more than $1 billion in awards to 207 whistleblowers since its first award in 2012, and has paid over $500 million to 101 whistleblowers in fiscal year 2021 alone. The awards can range from 10% to 30% of the money collected by the SEC when the sanctions exceed $1 million and are funded by the sanctions and not by investors who were harmed. Information provided by whistleblowers since the program began has resulted in more than $4.8 billion being collected in financial remedies.