Two Anonymous Whistleblowers Awarded $54 Million by the SEC

Posted on September 11th, 2018 at 1:27 PM
Two Anonymous Whistleblowers Awarded $54 Million by the SEC

From the Desk of Jim Eccleston at Eccleston Law LLC:

The SEC has announced that it will pay two unidentified whistleblowers a combined $54 million for their roles in providing information that led to an enforcement action.

The awards under the SEC’s whistleblower program of $39 million and $15 million for the two individuals brought its total payout to more than $320 million since the inception of the program in 2011.

The SEC’s whistleblower program has been an important tool for individuals since 2011. The award distributions are made out of an investor protection fund established by Congress. The standard to obtain an award requires that the whistleblower’s information must be unique, useful and leads to a successful enforcement action. 

Eccleston Law, LLC helps individuals file and document their SEC whistleblower claims while maintaining confidentiality. Please contact us for further information.

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: james eccleston, eccleston law, eccleston law llc, eccleston, SEC, fraud

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