SEC

The SEC recently held that a whistleblower who spent two years and over 100 hours assisting with an investigation into Deutsche Bank was not “voluntary” and was therefore ineligible for an award, the Wall Street Journal reported on May 4....

On February 26, 2026, the Securities and Exchange Commission (SEC) issued a Final Order denying a whistleblower an award because SEC officials did not read their submitted TCR. This determination affirms growing concerns among whistleblower advocates that the SEC is...

On February 27, the National Whistleblower Center, Sherron Watkins, Dr. Aaron Westrick, and Erika Cheung filed a joint amicus curiae brief to the U.S. Court of Appeals for the Eleventh Circuit in John Doe et al v. U.S. Securities Exchange...

The Securities and Exchange Commission (SEC) FY2025 Annual Report confirms an overall decline in whistleblower award payments in 2025.

The Securities and Exchange Commission (SEC) has denied all 24 whistleblower award claims in the first quarter of fiscal year 2026. This marks only the second time since 2016 that the SEC’s whistleblower program did not grant an award in...

The Securities and Exchange Commission (SEC) denied an award to a whistleblower who provided evidence that a defendant misrepresented their finances to evade paying sanctions, even though the agency used that information to recover funds. The denial, issued August 4,...

The U.S. Securities and Exchange Commission (SEC)’s whistleblower awards for the 2025 fiscal year demonstrate an alarming drop in whistleblower compensation, as demonstrated by the award orders published by the SEC. Aside from 122 denials and six orders omitting award...

However, when fraud is preemptively thwarted by the SEC under the whistleblower program, this incentive system begins to fall apart. Under the SEC’s current rules, a whistleblower is more likely to receive an award if they allow a fraud to...

Whistleblowers seeking financial rewards from the SEC are running into a steep wall of procedural hurdles, and federal appeals courts aren’t inclined to offer lifelines.

On May 22, The Anti-Fraud Coalition (TAF Coalition) sent a letter to Securities and Exchange Commission’s (SEC) Crypto Task Force calling for the continuation of strong enforcement of crypto fraud. The letter, which was drafted with the assistance of Andrew...