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SEC awards $50M to two whistleblowers

Jaclyn Jaeger | March 26, 2019

The Securities and Exchange Commission on March 26 announced awards totaling $50 million to two whistleblowers whose high-quality information assisted the agency in bringing a successful enforcement action. One whistleblower received an award of $37 million and the other received an award of $13 million. 

The $37 million award is the Commission’s third-highest award to date after the $50 million award made in March 2018 to joint whistleblowers and a more than $39 million award announced in September 2018.  

Jordan Thomas, chair of the whistleblower representation practice of law firm Labaton Sucharow, served as counsel to the whistleblower who received the $13 million award. That...

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