Due to confidentiality requirements, the identities of the whistleblowers and the companies involved are redacted in the final orders. Therefore, it is not known whether one or more of the orders are related to each other, or if the orders involve a single company, two companies, or three different companies. It is noted that all the whistleblowers involved provided original information voluntarily, which ultimately led to the success of each enforcement action.
- In the first order, two joint whistleblowers were awarded $5.4 million, and each will receive 50%, or $2.7 million. Their information led the SEC staff to open an investigation into the company. They provided important documentation that began and continued the investigation through its completion. A third claimant in this case was denied an award and did not file a request for reconsideration.
- In the second order, a single whistleblower received a bounty of $1.3 million after providing SEC staff with original information and assistance before and throughout the investigation that led to a successful enforcement action.
- In the third order, two whistleblowers were awarded over $400,000 for providing their original information to the SEC Staff. However, the individuals delayed reporting this information. One waited 20 months, and the other 23 months, something the SEC noted as “unreasonable.” The Claims Review Staff (CRS) decided to waive the TCR filing requirements and their failure to comply with Exchange Act Rule 21F-9(b), awarding the pair the appropriate bounty.
All three orders were issued by the SEC on July 16, 2025, and published with appropriate redactions.
The SEC’s Whistleblower program awards individuals who voluntarily submit credible information on misconduct and wrongdoing in the market. Any payment bounty is taken from the monetary sanctions from the companies involved, never from recovered investor funds. Whistleblower identities are kept confidential. Individuals can submit information anonymously if they are represented by legal counsel.
Retaining Experienced SEC Whistleblower Attorneys
Whistleblowers help everyone by notifying the SEC of conduct that harms the investing public, while also earning financial compensation for themselves. Hiring an experienced SEC counsel may greatly increase the probability that the SEC will initiate an investigation based on your information. If you wish to remain anonymous, you must be represented by an attorney, who will submit everything on your behalf.
Silver Law Group and the Law Firm of David R. Chase jointly have experienced SEC whistleblower lawyers, including a former SEC Enforcement attorney on the team, so you will always have guidance throughout the process. Our SEC whistleblower attorneys can help you if you have information regarding securities or investment fraud, violations of federal securities laws, false filings, market manipulation, or other misconduct. You must provide timely, credible, and original information or analysis to be eligible.
Contact us through our online form or at (800) 975-4345 for a consultation. Our attorneys work on a contingency fee basis. This means that it costs you nothing to hire us, and we collect our fees only if you receive an SEC bounty. Because we get paid when you do, we have the incentive to help you collect the maximum award available.