SEC Provides FY 2019 Annual Report On Whistleblower Program

In an annual report to Congress, the SEC's Office of the Whistleblower ("Office") reviewed FY 2019 program activities.

According to the report, the Office received slightly fewer tips and awarded significantly less to whistleblowers in FY 2019, as compared to FY 2018. The Office reported that:

• 5,212 tips were made, which was a slight decrease from FY 2018;
• California, Pennsylvania, New York, Texas and Florida had the highest number of tips domestically;
• foreign whistleblower submissions originated from 70 different countries; and
• $60 million was awarded to whistleblowers in FY 2019 - a decrease from the $168 million in FY 2018, due, in part, to a lapse in appropriations.