While some whistleblowers experience guilt, others are struggling with anger. Frequently, those who submit a whistleblower complaint to the Securities and Exchange Commission (SEC) have been wronged. This wrongdoing may manifest financially, emotionally, or both.
Importantly, the SEC does its part to incentivize whistleblowers by offering the opportunity to financially recoup some of their losses. Those who provide “original information” to the SEC, which leads to a successful action and monetary sanctions exceeding $1 million against the wrongdoer, are entitled to an award. While eligible whistleblowers will be awarded a percentage of the sanctions recouped, this award is not the primary motivation behind blowing the whistle to begin with. Continue reading