SEC Whistleblower Program awards $175 Million in 2020
2nd December 2020

The U.S. Securities and Exchange Commission’s (“SEC”) Whistleblower Program released its Fiscal Year (FY) 2020 Annual Report (the “Report”) to Congress on November 16, 2020. According to the Report, the SEC received over 6,900 whistleblower tips during FY 2020 (which ended September 30, 2020), which was a 31% increase from FY 2018, the second highest tip year, and a 130% increase since the beginning of the program. The SEC’s FY 2020 awards included five separate awards of $10 million or greater and a total of $175 million to 39 individuals in FY 2020.  To date, the SEC has recovered more than $2.7 billion in total monetary sanctions from its enforcement actions arising from whistleblower tips.

Click here for SEC’s 2020 Annual Report to Congress for Whistleblower Program