The FTI Award Journal

Exclusive content from our experts on bribery, corruption, whistleblowers and corporate accountability.

SEC Award of $17 million Marks Milestone for Whistleblowers

Last week, the Securities and Exchange Commission (SEC) announced its intention to pay a whistleblower $17 million for reporting information that led to fines in an SEC enforcement action, and a related covered action. 

Speaking on the award, Chief of the SEC Whistleblower Office, Creola Kelly stated that the award “underscores the SEC’s commitment to rewarding meritorious whistleblowers who provide valuable information and exemplary cooperation that advance the agency’s enforcement efforts.”

The award also marks the roaring success that the SEC Whistleblower program has enjoyed. Since it began in 2012, the program has paid out approximately $1.3 billion to 278 individuals. These payments have come from a protected fund established by Congress that is funded solely through fines and sanctions paid to the SEC. This means the average payment to whistleblowers stands at almost $5 million.

However, none of this money comes at the expense of the taxpayer or harmed investors. In fact, the SEC has recovered almost $5 billion for the Treasury from enforcement actions based on tips received through the Office of the Whistleblower. 

How To Report FCPA Violations

Reporting FCPA violations to the wrong people or in the wrong way can have severe consequences for a whistleblower.  If you are considering becoming an FCPA whistleblower, follow our guide on how to report FCPA violations

What Is The FCPA?

Have you head of the US Foreign Corrupt Practices Act at work?  In this guide we explain what is the FCPA and how you could claim a whistleblower award for reporting FCPA violations

How To Become A Crypto Whistleblower

Regulators are regulating fraud, crime and scams involving cryptocurrency.  If you have information on any of these topics, you could get a whistleblower reward for becoming a crypto whistleblower

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