The SEC has already made whistleblower awards of almost $180 million to 22 individuals in the first quarter of fiscal 2021--which runs from October 1, 2020 through December 31, 2020. In fiscal year 2020, the SEC paid a record $175 million to 39 tipsters, but it has already broken this record in the first quarter of fiscal year 2021.
With these latest awards, the SEC has now paid out approximately $731 million to 123 tipsters since it began paying awards in 2012, and it’s close to setting a new annual record.
Let's hope that the SEC continues to reward whistleblowers for stepping up and doing the right thing at this record-breaking pace throughout 2021.
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If you are thinking about whether to blow the whistle, you should contact our experienced SEC whistleblower attorneys today. We can guide you in collecting the documents and evidence you need to convince the SEC to take your case and bring an enforcement action against the company you're blowing the whistle on.
We have the unique skills and knowledge to represent SEC whistleblowers. As employment attorneys, we understand your rights at work, and can navigate how to protect you. As former defense-side securities lawyers who were hired to defend these kinds of enforcement actions, we also know the ins and outs of securities laws and can help you and the SEC prove the fraud.