{"id":6068,"date":"2016-11-16T15:30:46","date_gmt":"2016-11-16T21:30:46","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1230"},"modified":"2022-05-19T08:49:51","modified_gmt":"2022-05-19T13:49:51","slug":"sec-awards-whistleblower-20m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-awards-whistleblower-20m\/","title":{"rendered":"SEC Awards Whistleblower $20M"},"content":{"rendered":"<p>In its third highest award to a tipster since the inception of its whistleblower program, the Securities and Exchange Commission has awarded an individual $20M for coming forward right away to disclose \u201cvaluable information\u201d that allowed the regulator to swiftly bring an enforcement action against the wrongdoers before they could spend the funds.\u00a0 This latest award ups the total awarded by the SEC\u00a0to whistleblowers to $130M since 2012. The regulator issued its highest award to date, of $30M, in 2014 and awarded another whistleblower $22M in August.<\/p>\n<p>The SEC Whistleblower Program allows the regulator to award the person who provided the tip 10-30% of \u00a0monetary sanctions collected. The sanctions, however, must exceed\u00a0$1M. The tip should relate to a federal securities law violation that already happened, is currently taking place, or is about to happen, and it must be unique information. More than one whistleblower may qualify to receive an award from an over $1M sanction obtained as a result of the tips provided.<\/p>\n<p>Because the law protects whistleblower confidentiality, more specifics about this latest case, including who was involved or who received the award, were not disclosed.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-awards-whistleblower-20m\/#more-6068\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In its third highest award to a tipster since the inception of its whistleblower program, the Securities and Exchange Commission has awarded an individual $20M for coming forward right away to disclose \u201cvaluable information\u201d that allowed the regulator to swiftly bring an enforcement action against the wrongdoers before they could spend the funds.\u00a0 This latest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760,3761,3938],"tags":[],"class_list":["post-6068","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-and-exchange-commis","category-whistleblowers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Awards Whistleblower $20M &#8212; Investor Lawyers Blog &#8212; November 16, 2016<\/title>\n<meta name=\"description\" content=\"In its third highest award to a tipster since the inception of its whistleblower program, the Securities and Exchange Commission has awarded an individual &#8212; November 16, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-awards-whistleblower-20m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Awards Whistleblower $20M &#8212; Investor Lawyers Blog &#8212; November 16, 2016\" \/>\n<meta name=\"twitter:description\" content=\"In its third highest award to a tipster since the inception of its whistleblower program, the Securities and Exchange Commission has awarded an individual &#8212; November 16, 2016\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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