SEC Highlights Spike in Whistleblower Tips in Fiscal Year 2021
In its Annual Report to Congress, the SEC Office of the Whistleblower reported that it had another recording-breaking year for both the number of tips received and whistleblower awards paid. The 12,200 tips received in fiscal year 2021 represented a 76 percent increase from last year and tips were received from over 99 foreign countries. 108 whistleblowers were awarded over $564 million in fiscal year 2021, an amount larger than in all previous years combined.
Since the program’s inception, enforcement matters brought using information from whistleblowers have resulted in orders for nearly $5 billion in monetary sanctions, of which more than $1.3 billion has been, or is scheduled to be, returned to harmed investors.