SEC Whistleblower Awards Skyrocket in 2020. Exposing Misconduct.

SEC Whistleblower Awards Skyrocket in 2020

June 3, 2020

The U.S. Securities and Exchange Commission (“SEC”) announced in early May that it had awarded $2 million to a whistleblower who provided specific, timely, and credible information regarding a fraudulent scheme related to an ongoing investigation, but about which the SEC was not aware. The award marked the continuation of what has been the most active stretch in the history of the SEC Office of the Whistleblower, with 11 awards totaling nearly $70 million issued since the beginning of the year. Eight of these awards occurred within a six-week period between March 23 and May 4, 2020.

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