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SEC Issues Multiple Whistleblower Awards Totaling Over $3.6 Million

The Securities and Exchange Commission today announced whistleblower awards in connection with three separate enforcement actions totaling over $3.6 million. 

In the first order, where the whistleblower was represented by Sallah Astarita & Cox, LLC, the SEC awarded a whistleblower over $1.8 million for providing significant information about a fraudulent scheme. The whistleblower took immediate steps to mitigate the harm to investors, and provided substantial assistance to the staff, including providing testimony, key documents, and other information that saved SEC time and resources and contributed to an enforcement action that resulted in the return of millions of dollars to harmed investors.

In the second order, the SEC awarded a whistleblower more than $1.2 million for providing information that led to a successful enforcement action. In making the award, the SEC determined that the whistleblower’s culpability and unreasonable delay impacted the award amount.

In the third order, the SEC awarded more than $500,000 to a whistleblower who provided significant information and ongoing assistance that led to the success of an enforcement action. In issuing the award, the SEC waived the TCR filing requirement based on the unique facts and circumstances of the case.

“Today’s three awards demonstrate the SEC’s continuing commitment to making awards to individuals who provide high-quality information that assists the agency in bringing successful enforcement actions,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “These awards also show that the Commission will take into account the unique facts and circumstances of each matter, in accordance with the whistleblower rules, when determining eligibility and the amount of the award.”

Read the Full Press Release


The attorneys at Sallah Astarita & Cox, LLC include former SEC attorneys and broker-dealer lawyers, who know their way around these rules and regulations. They help whistleblowers present their information to the SEC and guide them through the process, including presentations to the Commission, at no cost unless there is compensation to our client. If you believe you have a whistleblower claim, give us a call at 212-509-6544, or email Mark Astarita at

The Securities Lawyer