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SEC Announces Additional $150,000 Payment to First Whistleblower Award Recipient | Whistleblowers Today

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SEC Announces Additional $150,000 Payment to First Whistleblower Award Recipient

The Securities and Exchange Commission (SEC) announced that an additional $150,000 payout will be granted to the whistleblower who received the first award under the agency’s new whistleblower program as a result of the SEC collecting additional funds in the case.

The whistleblower’s total award is now approximately $200,000, an amount equal to the 30% maximum available pursuant to the 2010 Dodd-Frank Act.

“This latest payment shows that the SEC’s aggressive collection efforts pay dividends not only for harmed investors but also for whistleblowers,” said Sean McKessy, chief of the SEC’s Whistleblower Office.  “As we collect additional funds from securities law violators, we can increase the payouts to whistleblowers.”


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