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U.S. Securities and Exchange Commission Whistleblower Office Annual Report to Congress for 2022 Fiscal Year details record year for the SEC Whistleblower Program, which received 12,300 whistleblower tips and issued 103 whistleblower awards totaling $229 million.
SEC announced its enforcement results for the 2022 Fiscal Year. Over the course of the fiscal year, the agency recovered a record $6.9 billion in penalties and disgorgement. The SEC Whistleblower Program received a record high number of whistleblower tips more than 12,300.
U.S. Securities and Exchange Commission awarded $3.2 million to four whistleblowers who analyzed complex accounting data in public filings and shared their expertise with SEC enforcement staff. On the same day, the SEC also issued five separate whistleblower award denials.
Securities and Exchange Commission SEC awarded a $10 million whistleblower award, The SEC Whistleblower Program offers monetary awards and anti-retaliation protections to individuals who voluntarily provide original information about potential securities law violations
Through the SEC Whistleblower Program, qualified whistleblowers are entitled to monetary awards of 10-30% of the funds collected by the government in the relevant enforcement action. The SEC has awarded over $1.3 billion to over 280 whistleblowers.