News | 05.06.20
SEC Ramps Up Whistleblower Awards
The SEC announced Monday its latest whistleblower award, bringing to over $64 million the amount paid to whistleblowers during the first seven months of the fiscal year that began in October, more than the SEC has awarded in any full year except 2018. The 16 whistleblowers receiving money thus far exceeds the number in any previous year. "The SEC is putting more resources than ever into dealing with the backlog, and we are starting to see the benefit of those resources this year,” said Jordan Thomas, chair of the whistleblower practice at law firm Labaton Sucharow LLP.
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