On August 4, 2023, the Securities and Exchange Commission announced awards totaling more than $104 million to seven whistleblowers in connection with a successful SEC enforcement action. The SEC’s Press Release can be found (here), and the Order can be found (here).
whistleblower claims
SEC Issues Largest Whistleblower Bounty Award Ever To One Individual
As we reported here, on May 5, 2023, the SEC issued an award of $279 million to a whistleblower. This is the largest award the SEC has issued to an individual whistleblower in the history of the SEC Office of the Whistleblower’s program.
July 2021 Update of the SEC’s Covered Actions for Potential Whistleblower Claims
By Mee (Rina) Kim on
On July 30, 2021, the SEC posted 14 Notices of Covered Actions, after which individuals have 90 calendar days to apply for a whistleblower award. As discussed in our prior post, the SEC publishes these Notices for cases in which the final judgment or order, either by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.
In this post, we briefly survey the 14 Notices of Covered Actions from July 2021. (See our previous post on the SEC’s Notices of Covered Actions from June 2021.) Several of the alleged misconducts in the 14 Covered Actions also resulted in parallel criminal actions.
June 2021 Update of the SEC’s Covered Actions for Potential Whistleblower Claims
By Mee (Rina) Kim on
On June 30, 2021, the SEC posted six Notices of Covered Actions, for which individuals have 90 calendar days to apply for a whistleblower award. As discussed in our prior post, the SEC publishes Notices for cases in which the final judgment or order, by itself or together with other prior judgments or orders in the same action issued after July 21, 2010, results in monetary sanctions exceeding $1 million.
In this post, we briefly survey the six June 2021 Notices of Covered Actions.