Friday, July 2, 2021
Under the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010, the Securities and Exchange Commission (SEC or the Commission) rewards eligible whistleblowers who voluntarily provide the Commission with original, timely, and credible information that leads to a successful enforcement action. When the monetary sanctions exceed $1 million, the whistleblower award amount may be between 10% and 30% of the total monetary sanctions collected in the Commission’s action or any related action.
Since 2012, the SEC has awarded approximately $938 million to 179 individuals. Payments are made out of an investor protection fund established by Congress that is financed through monetary sanctions paid to the SEC by securities law violators.
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