Image of SEC Whistleblower Lawyer Reflects on the Success of the SEC Whistleblower Program on its 10th Anniversary

SEC Whistleblower Lawyer Reflects on the Success of the SEC Whistleblower Program on its 10th Anniversary

Success of the SEC Whistleblower Program

SEC whistleblower lawyer

In a recent podcast episode titled Inside the World of Whistleblowers, inSecurities interviewed SEC whistleblower lawyer Matt Stock, Director of the Whistleblower Rewards Practice at Zuckerman Law. The episode discusses the success of the SEC Whistleblower Program, which was created in 2010 under the Dodd-Frank Act to “motivate those with inside knowledge to come forward and assist the Government to identify and prosecute persons who have violated securities laws and recover money for victims of financial fraud,” S. Rep. No. 111-176, at 110 (2010). Since the inception of the program, the SEC has paid more than $400 million in awards to whistleblowers. The SEC actions associated with those awards have resulted in sanctions orders totaling more than $2 billion.

In the episode, Stock discusses:

SEC Whistleblower Program

Under the SEC Whistleblower Program, the SEC is required to issue awards to eligible whistleblowers who voluntarily provide original information that leads to successful enforcement actions with total monetary sanctions in excess of $1 million. Whistleblower awards range from 10 percent to 30 percent of the total monetary sanction collected. The largest SEC whistleblower awards to date are $50 million, $39 million and $37 million. See some of the SEC whistleblower cases that have resulted in multi-million dollar awards here.

Whistleblowers can be eligible for an award for reporting any violation of the federal securities laws that leads to a successful enforcement action in excess of $1 million. Some of the most common tips include:

For more information about the SEC Whistleblower Program, download the eBook Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award.

SEC Whistleblower Lawyers

If you would like more information on reporting a violation of the federal securities laws, contact an SEC Whistleblower Attorney at Zuckerman Law for a free, confidential consultation. Zuckerman Law is one of the nation’s leading law firms representing whistleblowers in whistleblower rewards and retaliation cases.

Matt Stock leads the whistleblower rewards practice at Zuckerman Law.  He is an attorney, Certified Public Accountant, Certified Fraud Examiner and former KPMG external auditor. Mr. Stock leverages his experience as an attorney, CPA, CFE and external auditor to assist whistleblowers investigate and disclose complex financial frauds to the government. His practice focuses on representing whistleblowers in rewards cases at the SEC, CFTC, DOJ and IRS.

SEC Whistleblower Law Firm

How to Qualify for an SEC Whistleblower Bounty

Are Whistleblowers Protected from Retaliation?

Click here to learn more about anti-retaliation protections for SEC whistleblowers under the Dodd-Frank Act and Sarbanes-Oxley Act.

SEC whistleblower attorney

Jason Zuckerman, Principal of Zuckerman Law, litigates whistleblower retaliation, qui tam, wrongful discharge, and other employment-related claims. He is rated 10 out of 10 by Avvo, was recognized by Washingtonian magazine as a “Top Whistleblower Lawyer” in 2015 and selected by his peers to be included in The Best Lawyers in America® and in SuperLawyers.