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Home / 2016 / Archives for December 2016

Archives for December 2016

SEC Whistleblower Program Posts Record Year

December 14, 2016

The SEC’s whistleblower program paid out a record $57 million to Medicaid Beneficiary Supreme Court Case - Behn & Wyetznerwhistleblowers in Fiscal Year 2016. That figure is higher than all previous awards issued through the SEC whistleblower program combined.

According to the agency’s 2016 annual report to Congress, available here, the Office of the Whistleblower received over 4,200 tips and enforcement actions led to $584 million in financial sanctions. The number of tips the office received reflects a 40% increase over FY 2012, the first year the office recorded full-year data. According to the report, the increase in tips is due in large part to the growing awareness of the whistleblower program.

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