{"id":1801,"date":"2020-09-21T12:37:21","date_gmt":"2020-09-21T16:37:21","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=1801"},"modified":"2020-09-21T12:37:21","modified_gmt":"2020-09-21T16:37:21","slug":"and-the-beat-goes-on-the-whistleblower-song","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/and-the-beat-goes-on-the-whistleblower-song\/","title":{"rendered":"And the Beat Goes On \u2013 The Whistleblower Song"},"content":{"rendered":"

As we have blogged on many occasions, the SEC\u2019s Whistleblower Program<\/a> has become an important part of the Enforcement Division\u2019s activities.\u00a0 On September 17, 2020, the SEC announced payments to joint whistleblowers<\/a> who had raised concerns internally before blowing the whistle to the SEC.\u00a0 And this September 14, 2020 Press Release<\/a> announced a $10,000,000 (yes, million!) payment to a whistleblower \u201cwhose information and assistance were of crucial importance to a successful SEC enforcement action.\u201d<\/p>\n

To date the program has paid out approximately $521 million to 96 individuals.<\/p>\n

If you want more background and detail, check out episode six of PLI\u2019s inSecurities<\/em> podcast<\/a>, which features a review of how the whistleblower process works and a discussion of how the explosion of tips created by the program has affected the enforcement process.<\/p>\n