SEC Awards Two Whistleblowers

The SEC announced that two individuals, who provided tips and assistance to help the SEC bring enforcement action, would receive a whistleblower award of over $875,000, to be split evenly between them.

Together with these two individuals, a total of eight whistleblowers have been given awards by the SEC whistleblower program since it began in late 2011.

See: SEC Order Determining Whistleblower Award Claim.See also: Cabinet Whistleblower Page (available to Cabinet subscribers only). Related Cadwalader analyses: Before the Whistle Blows: Understanding and Addressing the Expanding Scope of Whistleblower Protections under Sarbanes-Oxley and Dodd-Frank (May 12, 2014); SEC Enforcement Advisor: SEC Announces Third Whistleblower Award (October 11, 2013); SEC Announces Second Set of Whistleblower Awards (July 3, 2013); The Dodd-Frank Whistleblower Program: An Analysis of the SEC's Second Annual Report, Best Practices for Dealing with Whistleblowers, and Recent Cases Interpreting the Scope of the Anti-Retaliation Provisions of the Dodd-Frank Act (December 10, 2012); C&F Memo: The Dodd-Frank Whistleblower Provisions: Considerations for Effectively Preparing for and Responding to Whistleblowers (May 26, 2011).