SEC Awards Whistleblower More Than $10 Million

Proskauer - Whistleblower Defense
Contact

Proskauer - Whistleblowing & Retaliation

On September 14, 2020, the SEC announced payment of more than $10 million to a whistleblower who provided original information to the SEC that led to a successful enforcement action.  (The order granting the award can be accessed here.)

In explaining the reason for its award determination, the SEC noted that the whistleblower had “provided extensive and ongoing assistance to the investigative team over the course of the investigation, including identifying witnesses and helping staff understand complex fact patterns and issues related to the matters under investigation.”

Since issuing its first whistleblower award in 2012, the SEC has awarded approximately $520 million to 94 individuals.

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Proskauer - Whistleblower Defense | Attorney Advertising

Written by:

Proskauer - Whistleblower Defense
Contact
more
less

Proskauer - Whistleblower Defense on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide