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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.

© Copyright 2023 Cadwalader, Wickersham & Taft LLPNational Law Review, Volume XI, Number 323
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About this Author

Lex Urban, Cadwalader Law Firm, Anti-Money Laundering Attorney
Associate

Lex Urban represents corporations and individuals in a variety of criminal, civil, and regulatory matters. He assists clients in responding to and defending against investigations, enforcement actions, and prosecutions arising under the Foreign Corrupt Practices Act, securities and accounting fraud, and other white collar issues. He also conducts internal corporate investigations and compliance program reviews.

Lex participates in the firm’s pro bono program and received a 2012 Outstanding Achievement Award from the Washington Lawyers' Committee...

202-862-2320
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