Under the SEC Whistleblower Program, the SEC will issue awards to whistleblowers who provide original information that leads to enforcement actions with total monetary sanctions in excess of $1 million. Since 2012, the SEC has issued $1.2 billion in awards to whistleblowers, which includes awards to our clients totaling millions of dollars. Unlike other whistleblower-reward programs, the SEC’s program allows whistleblowers to submit tips anonymously if they are represented by an attorney. We have succeeded in obtaining awards for clients while enabling them to remain anonymous.

Many SEC whistleblowers are uncertain about what exactly anonymous whistleblowing means. Indeed, for many whistleblowers, it is imperative that their identity remain confidential throughout the entire SEC whistleblower process.

Based on our substantial experience representing SEC whistleblowers both domestically and internationally, we have compiled frequently asked questions about anonymous whistleblowing to the SEC, including the following questions:

• Can I still receive an award if I submit a tip anonymously?
• How will my attorney submit an anonymous tip on my behalf?
• How could an anonymous tip potentially expose me as the whistleblower?
• Are there any disadvantages to anonymous whistleblowing?
• Will the SEC ever know my identity if I submit a tip anonymously?

Prior to submitting a tip to the SEC, whistleblowers should assess the risks entailed in whistleblowing and options to mitigate those...

Read Full Story: https://www.lexology.com/library/detail.aspx?g=82c3d442-1aad-4e17-a48b-fbb753...