$14 Million Award Breathes New Life Into SEC Whistleblower Program

This week the SEC announced an unprecedented $14 million whistleblower award, originating from an office that was created under Dodd-Frank. It dwarfs two previous whistleblower awards under that program. Per the established procedure, the identify of the whistleblower remains anonymous. Seyfarth Shaw attorneys Christopher F. Robertson and Megan H. Poonolly suggest this episode is likely to encourage more whistleblower activity and should be seen by companies as a cautionary tale.