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SEC Annual Report Highlights More Awards, Increase in Whistleblower Tips

by | Nov 19, 2014 | Whistleblowers

Photo Credit: SEC

Photo Credit: SEC

The Securities and Exchange Commission, Office of the Whistleblower released its 2014 Annual Report to Congress on the Dodd-Frank Whistleblower Program.

According to the report, the SEC issued more whistleblower rewards in Fiscal Year 2014 than every previous year combined.  Recently, the SEC authorized an award of more than $30 million to a whistleblower “who provided key original information” regarding “an ongoing fraud that otherwise would have been very difficult to detect.” This award is the largest made by the SEC’s whistleblower program to date.  It also marked the fourth award to a whistleblower living in a foreign country, “demonstrating the program’s international reach.”  In total, the SEC issued fourteen (14) awards in FY2014. This year also saw other notable developments for whistleblowers, including a significant increase in the number of whistleblower tips and the first anti-retaliation award in the program’s history.

Our firm has significant experience representing whistleblowers who have filed tips with the SEC Office of the Whistleblower.  If you have knowledge of a violation of federal securities laws or regulations and are considering filing a complaint with the SEC, please contact James Hoyer for an evaluation of your claims.  Click here for more information about the firm and to submit your information electronically, or you may contact our office at 800-651-2502.

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