The Securities and Exchange Commission (SEC) Whistleblower Program was created to protect investors by incentivizing whistleblowers to provide evidence of violations of the securities laws, and establishing rules and procedures for administering the program.
“Whistleblowers play a valuable role in helping to protect the U.S. financial markets by bringing the Commission information about potential securities law violations,” said Creola Kelly, Chief of the Office of the Whistleblower (OWB). “The Commission sent a strong message that agreements and conduct that impede communication with the SEC will not be tolerated.”
This program provides monetary awards to insiders who provide the Commission with information about potential securities law violations, such as market manipulation, offering fraud, insider trading, foreign bribery, and other frauds related to digital assets or corporate disclosures.
The SEC Whistleblower Program has proven to be highly effective in detecting and sanctioning securities fraud. Since the program’s inception in 2011, the SEC has awarded more than $2.2 billion to 444 individual whistleblowers. In fiscal year 2024, the Commission awarded over $255 million to 47 individual whistleblowers, the third highest annual amount for the program.
Below is an overview of the top five whistleblower awards for FY 2024, which together total $224 million:
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