SEC

On March 15, it was reported that Allison Herren Lee will step down as a commissioner at the U.S. Securities and Exchange Commission (SEC). During her tenure, Commissioner Lee, who also served as the Acting Chair of the agency in...

Joohn Choe, a Facebook contractor, filed two whistleblower complaints alleging that Meta is allowing accounts of sanctioned individuals to remain on its platforms. According to a March 10 article in The Washington Post, Choe filed one complaint with the U.S....

On March 11, the U.S. Securities and Exchange Commission (SEC) Whistleblower Program issued three final orders for whistleblower award applications. In one order, the SEC granted an award of approximately $14 million. The $14 million award was issued to an...

On March 8, the U.S. Securities and Exchange Commission (SEC) issued a $3.5 million whistleblower award to an individual who voluntarily provided the agency with original information that contributed to two successful enforcement actions. According to the SEC, the whistleblower’s...

Frances Haugen, who has made headlines blowing the whistle on Facebook towards the end of 2021, has filed two more whistleblower complaints with the U.S. Securities and Exchange Commission (SEC). Her complaints allege that Facebook misrepresented to investors their work...

On February 10, the U.S. Securities and Exchange Commission (SEC) announced two proposed amendments to the rules governing its highly successful whistleblower program. Both proposed amendments address issues raised by rule changes passed in 2020 and aim to ensure that...

On January 31, the U.S. Securities and Exchange Commission (SEC) Office of the Whistleblower posted 12 new Notices of Covered Actions (NoCAs). Each NoCA relates to a successful enforcement action and signals that individuals may now file whistleblower award claims...

On January 21, the U.S. Securities and Exchange Commission (SEC) awarded over $40 million to four whistleblowers. The awards, which stem from three separate enforcement actions, were granted to whistleblowers who voluntarily provided the SEC with original information about securities...

On January 10, the U.S. Securities and Exchange Commission (SEC) issued two whistleblower awards totaling $4 million. The whistleblowers provided the SEC with information and assistance which led to two separate enforcement actions. In the first award order, the SEC...

On January 6, the U.S. Securities and Exchange Commission (SEC) issued a $13 million whistleblower award. The award, the first issued in 2022, was granted to a whistleblower who provided the agency with original information about an ongoing fraud, allowing...