SEC Rewards

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...

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...

On December 12, the U.S. Securities and Exchange Commission (SEC) announced that a whistleblower will receive over $20 million as an award. According to the agency, the whistleblower “provided information and assistance that significantly contributed to a successful enforcement action”...

On November 28, the U.S. Securities and Exchange Commission (SEC) announced that a whistleblower “who provided new and critical information that led to the success of an enforcement action” received a $20 million whistleblower award. The award order sheds light...

The 2021 fiscal year was a record-shattering year for the U.S. Securities and Exchange Commission (SEC) Whistleblower Program. Over the course of the fiscal year, the SEC issued approximately $564 million in whistleblower awards to 108 individuals. These awards included...

On November 22, seven whistleblowers received $10.4 million in awards from the U.S. Securities and Exchange Commission (SEC) for information and assistance they provided in multiple covered actions. In the first award order, one whistleblower received more than $6.2 million,...

On July 15, the U.S. Securities and Exchange Commission (SEC) issued a whistleblower award of $1.2 million to an individual who “provided SEC staff with valuable information and ongoing assistance,” according to the SEC’s press release. Through the SEC Whistleblower...

On April 15, the U.S. Securities and Exchange Commission (SEC) announced it awarded over $50 million to joint whistleblowers who provided information that “alerted SEC staff to violations that involved highly complex transactions and would have been difficult to detect...

On April 9, the U.S. Securities and Exchange Commission (SEC) issued a $2.5 million whistleblower award to an individual who provided the SEC with information and additional assistance that greatly contributed to a successful enforcement action.  “The whistleblower in this...