On Tuesday, April 28, 2020, the Securities & Exchange Commission (“SEC”) stated that it had awarded more than $18 million to another whistleblower this year. Tuesday’s award marks the fifth whistleblower award this month and the eleventh this year. In 2020, the SEC Whistleblower Office has been very active and…
On Thursday, April 16, 2020, the Securities & Exchange Commission (“SEC”) stated that it had awarded more than $27 million to a whistleblower who tipped officials to misconduct which occurred overseas, in part. This historical award “marks several milestones for the program,” according to Jane Norberg, Chief of the SEC’’s…
The CFTC (Commodities Futures Trading Commission) has announced that it will award over $1,000,000 to a whistleblower for providing a tip that helped to expose a scheme that violated the CEA (Commodity Exchange Act). According to the press release, the whistleblower gave information first through their employer’s compliance program to…
On Friday, November 15, 2019 The Securities and Exchange Commission (SEC) announced that a whistleblower award of more than $260,000 had been given to three people who jointly alerted the agency to a “well-concealed fraud targeting retail investors.” The SEC’s press release does not identify the fraud specifically, but does…
If you worked for GPB Capital Holdings or a broker-dealer that sold it, and you have information that helps an SEC enforcement action, you could qualify to receive money from an SEC whistleblower award. To be eligible for a whistleblower award, a person must provide the SEC with non-public information…
The Securities and Exchange Commission (SEC) alleges that Collectors Café, an online memorabilia auction company, and its CEO Mykalai Kontilai, illegally tried to stop investors from reporting misconduct to the government in violation of the SEC’s whistleblower protection rules. The SEC already sued Kontilai and Collectors Café for operating a…
On June 24, 2019, the Commodity Future Trading Commission (CFTC) announced an award of approximately $2.5 million to a whistleblower who assisted in an enforcement action against Cargill Inc. This award evidences the importance that the CFTC places on reliable whistleblowers who prove to be essential resources in combating corporate…
On June 24, 2019, the Commodity Future Trading Commission (CFTC) announced an award of approximately $2.5 million to a whistleblower who assisted in an enforcement action against Cargill Inc. In November 2017, the CFTC ordered Cargill Inc., a global agricultural, commodity and financial services business headquartered in Minnesota, and its…
An anonymous tip from an employee led to an internal review as well as an SEC review that ended with the award of $4.5 million in May. The unidentified employee first sent the anonymous tip to the employer, alleging “significant wrongdoing.” The company then conducted its own investigation and self-reported…
On June 3, 2019, the SEC announced that two individuals will share a $3M award after providing information that led to a successful action surrounding a securities law violation. Since they supplied this information jointly, they will each receive half of the award. The amount is 30% of the financial…