TBA Law Blog


Posted by: Paul Burch on Dec 26, 2023

The number of whistleblowers receiving awards from the Securities and Exchange Commission (SEC) dropped sharply in fiscal year 2023, reports Bloomberg Law. The agency received more than 18,000 tips in the fiscal year ending Sept. 30, a 50% jump from the previous year, according to the SEC annual report to Congress. Only 68 tipsters received awards, compared to more than 100 in 2021 and 2022. The lure of payouts, such as the $279 million that went to one tipster last year, along with no increase in the program’s budget, may be taxing the SEC’s ability to keep up with the intent of the legislation.