SEC Awards Whistleblower Almost $50 Million

Posted on June 5th, 2020 at 4:07 PM
SEC Awards Whistleblower Almost $50 Million

From the Desk of Jim Eccleston at Eccleston Law LLC:

A whistleblower who submitted a tip to the U.S. Securities and Exchange Commission (“SEC”) received a nearly $50 million award.  This award is the largest award ever given to a single individual under the SEC whistleblower program, surpassing the previous record of $39 million awarded in 2018. The SEC also noted that it had now awarded more than $500 million through its whistleblower program. 

According to the SEC, the whistleblower “provided detailed, firsthand observations of misconduct by a company, which resulted in successful enforcement action that returned a significant amount of money to harmed investors.” 

As discussed in an earlier Eccleston Law blog post, whistleblower claims are expected to increase following the COVID-19 pandemic.  The predicted surge in whistleblower complaints is expected to include both COVID-19 related complaints as well as an increase in complaints unrelated to COVID-19. 

Individuals who believe they may have a whistleblower claim to submit to the SEC should contact the professionals at Eccleston Law to discuss their options.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: eccleston law, james eccleston, eccleston, sec, whistleblower, award

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