A record year for whistleblowersStephen Kohn, chairman of the National Whistleblower Center, cheered Thursday's $114 million award. The SEC handed out 39 individual whistleblower awards totaling about $175 million during the fiscal year that ended in September. Over nearly a decade, SEC whistleblower tips have led to more than $2 billion in penalties and the return of $500 million to harmed investors. Whistleblower advocates breathed a sigh of relief last month when the SEC backed down on a proposed rule that would have capped the largest whistleblower awards. "It's frustrating to me, especially when I know the real sacrifices that the real whistleblowers have made."

Source: CNN October 23, 2020 15:31 UTC