June Marks Upsurge in SEC Whistleblower Awards

June Marks Upsurge in SEC Whistleblower Awards

Jun 15, 2016

Client Alert

Brownstein Client Alert, June 15, 2016

On June 9, 2016, the SEC announced a $17 million whistleblower award to “a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action.” The press release is available here. This is the second-largest award the SEC has issued since the SEC’s whistleblower program began in 2011. The SEC has awarded whistleblowers over $26 million in the last month alone. 

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