• Securities and Exchange Commission has announced a $279 million whistleblower award, the largest in the program’s history, which demonstrates the importance of whistleblowers in uncovering securities fraud.
• To be eligible for a whistleblower award, the whistleblower must voluntarily provide original, timely, and credible information leading to a successful enforcement action.

The Securities and Exchange Commission has announced that it will pay nearly $279 million to a whistleblower who provided information leading to a successful enforcement action. This is the largest award in the history of the SEC’s whistleblower program, which was established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. In this article, we will examine the significance of this award, the criteria for eligibility, and the impact of whistleblowers on securities law enforcement.

1 The Significance of the Award

2 Eligibility Criteria for Whistleblowers

3 Impact of Whistleblowers on Securities Law Enforcement

The Significance of the Award

The program was created to incentivize individuals with knowledge of law violations to come forward and report them to the agency. The program has been highly successful since its inception, with over $4 billion in ill-gotten gains and interest disgorged from violators as a result of whistleblower tips. This has led to a significant increase in the number and quality of enforcement actions brought by the SEC.

The $279 million award...

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