The U.S. Securities and Exchange Commission announced an award of approximately USD 6 million to joint whistleblowers who provided new information that led to the opening of an examination and supplied a roadmap for an enforcement action that resulted in the covered action. The payment will be made from the SEC’s investor protection fund, which is financed through monetary sanctions paid by securities law violators. The SEC reiterated that whistleblowers may be eligible for awards when they voluntarily provide original, timely, and credible information that leads to a successful enforcement action, with awards ranging from 10% to 30% of the money collected when sanctions exceed USD 1 million, and that the SEC protects whistleblower confidentiality under the Dodd-Frank Act.
U.S. Securities & Exchange Commission 2025-04-21
U.S. Securities and Exchange Commission awards approximately USD 6 million to joint whistleblowers for information leading to an examination and enforcement action
The U.S. Securities and Exchange Commission awarded approximately USD 6 million to joint whistleblowers for providing information that initiated an examination and enforcement action. The award is funded by the SEC’s investor protection fund, sourced from sanctions paid by securities law violators. Whistleblowers can receive 10% to 30% of collected sanctions exceeding USD 1 million, with confidentiality protected under the Dodd-Frank Act.