What You Need to Know
- SEC awarded approximately $564 million to 108 individuals in fiscal 2021.
- The commission made more whistleblower awards in fiscal 2021 than in all prior years combined.
- Whistleblower Program received a record 12,200 whistleblower tips during the year.
The Securities and Exchange Commission awarded approximately $564 million to 108 individuals in fiscal 2021 — both the largest dollar amount and the largest number of individuals awarded in a single fiscal year, the agency told Congress.
In its annual report to Congress, Emily Pasquinelli, acting chief of the SEC’s Office of the Whistleblower, said that FY 2021 “marked many milestones, including the highest number of awards, both in terms of dollars and individuals awarded, and the largest number of whistleblower tips received.”
From the inception of the program in FY 2011 through FY 2020, the Commission made approximately $562 million in whistleblower awards to 106 whistleblowers.
“This means that the Commission made more whistleblower awards in FY 2021 than in all prior years combined,” Pasquinelli said.