SEC Awards Whistleblower $20m

The Securities and Exchange Commission awarded a whistleblower more than $20 million, the third highest award, for promptly coming forward with valuable information that enabled the SEC to take an enforcement action against wrongdoers before they could squander investors' money. The SEC program has now awarded more than $130 million to whistleblowers (10-30% of money recovered-not taken from harmed investors) who voluntarily provided the SEC with unique and useful information that led to a successful enforcement action, and the SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower’s identity.

Andersen Sleater represents whistleblowers so they can remain anonymous before the SEC. Click here for more information.