The SEC Whistleblower Program’s report for FY 2022 reveals continued success in attracting whistleblower disclosures that significantly enhance the SEC’s ability to combat fraud and protect investors. Since the inception of the SEC whistleblower program, the SEC has paid more than $1.3 billion in awards to whistleblowers for providing information that led to successful enforcement actions. According to the report, “[e]nforcement actions brought using information from meritorious whistleblowers have resulted in orders for more than $6.3 billion in total monetary sanctions, including more than $4.0 billion in disgorgement of ill-gotten gains and interest, of which more than $1.5 billion has been, or is scheduled to be, returned to harmed investors.” That is a phenomenal return for taxpayers and warrants Congress increasing the resources available to the SEC to investigate whistleblower disclosures and administer this highly successful program. A report published by Better Markets in 2022 discusses the reasons for the success of the SEC whistleblower program: The SEC Whistleblower Program Is a Resounding $5 Billion Success Story With a Bright Future.

In the SEC’s FY 2022 report, Creola Kelly, Chief of the Office of the Whistleblower summarizes the success of the SEC whistleblower program:

“The significant increase in the number of whistleblower tips and awards since the program’s inception shows that the program, with its enhanced confidentiality protections, is effectively...

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