SEC

Whistleblowers risk their livelihoods and can face financial ruin when they step forward to expose corporate fraud.  In recognition of this fact, the SEC Whistleblower Program offers substantial monetary awards to whistleblowers.  The current financial situation of an SEC whistleblower...

On October 15, the U.S. Securities and Exchange Commission (SEC) announced an $800,000 whistleblower award issued to an individual whose disclosure instigated an SEC investigation, which led to two successful enforcement actions.  “The whistleblower provided the Commission with a detailed...

In August, Senator Elizabeth Warren (D-MA), a member of the Senate Banking Committee, sent a letter to the U.S. Securities and Exchange Commission (SEC) urging the agency to implement climate risk disclosure requirements for public companies.  According to Senator Warren,...

On September 30, the U.S. Securities and Exchange Commission (SEC) announced whistleblower awards totaling $5 million issued to four individuals.  The four awards stem from three different orders and cap off the most prolific fiscal year in the history of...

On September 30, the U.S. Securities and Exchange Commission (SEC) announced an approximately $30 million award granted to two whistleblowers.  The whistleblowers were insiders at the company whose misconduct they reported, and their disclosures led the SEC to open an...

On September 28, the U.S. Securities and Exchange Commission (SEC) announced a whistleblower award, which marked the 100th individual to receive a whistleblower award through the SEC Whistleblower Program.  These 100 whistleblowers have forever changed Wall Street by demonstrating the...

On September 28, the U.S. Securities and Exchange Commission (SEC) announced a $1.8 million whistleblower award, issued to “a company outsider, who expeditiously reported significant information to the Commission about ongoing securities law violations.”  The award is the 100th whistleblower...

On September 25, the U.S. Securities and Exchange Commission (SEC) announced two separate whistleblower awards totaling over $2.5 million.  Both awards were granted to whistleblowers who disclosed securities violations occurring overseas. The first whistleblower award is for $1.8 million and...

On September 23, the U.S. Securities and Exchange Commission (SEC) approved wide-spread changes to its highly successful whistleblower program.  The rule changes were originally proposed in 2018, and the ensuing two years saw a lengthy debate over which aspects of...

On September 23, the U.S. Securities and Exchange Commission (SEC) approved changes to its highly successful whistleblower program.  On September 25, whistleblower attorneys Stephen M. Kohn and Siri Nelson, of the qui tam firm Kohn, Kohn & Colapinto, wrote the...