Page 3 - Covered Action News Today

On November 23, 2021, the SEC issued an award of $400,000 to a whistleblower who voluntarily provided the SEC with original information that assisted the agency in bringing a successful enforcement action that resulted in the termination of an ongoing Ponzi-like scheme.

The U.S. Securities and Exchange Commission SEC issued a $400,000 whistleblower award to an individual who provided the agency with information that led to both a successful SEC enforcement action and a Related Action by another federal agency.

November 22, the U.S. Commodity Futures Trading Commission CFTC announced two whistleblower awards totaling nearly $1 million issued to individuals who voluntarily provided the agency with original information that led to the success of the same enforcement action.

Approximately $123 million in awards has been awarded to whistleblowers since the Commodity Futures Trading Commission’s (CFTC) Whistleblower Program was created under the 2010...

Congressman Al Green, Chair of the House Financial Services Committee Subcommittee on Oversight and Investigations, has introduced the Whistleblower Protection Reform Act of 2021, which would strengthen protections for SEC whistleblowers

another record-breaking year. In the first 8 months of FY2021, the SEC has granted an additional $339 million to 57 individuals. This represents more than a third of the total $901 million awarded to 163 separate individuals since the SEC issued its first award pursuant to this program in 2012. This includes an award of $114 million in October 2020, the largest single award in the program’s history, which was covered in this recent post. It’s sometimes difficult to get a sense of what warr...

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By Aaron Nicodemus2021-04-15T16:02:00+01:00 A pair of whistleblowers were awarded over $50 million by the Securities and Exchange Commission (SEC) on Thursday for helping the agency uncover violations involving complex transactions that “would have been difficult to detect without their information.” The tips were the result of numerous interviews between the two whistleblowers and SEC investigators and were supported by extensive documentation. The information led to a covered action that ...