Whistleblower business – SEC awarded more than $1 billion!
Whistleblowing is becoming a big business! The U.S. Securities and Exchange Commission (SEC) announced awards of approximately $110 million and $4 million to two whistleblowers whose information and assistance led to successful SEC and related actions. Including these awards, the SEC's whistleblower program has paid more than $1 billion in awards to 207 whistleblowers, including over $500 million in the fiscal year 2021 alone. The $110 million award stands as the second-highest award in the program's history.