Yesterday, the Securities and Exchange Commission (“SEC”) announced that it set several records during fiscal year 2016.

According to the SEC’s press release, the SEC gave out $57 million in awards to SEC whistleblowers during FY2016.  Not only was this a record, but it was more than had been awarded to SEC whistleblowers “in all previous years combined.”  Less than two months ago, the SEC announced that it had exceeded $100 million in SEC whistleblower awards granted.

The press release also stated that during FY2016 the SEC “brought a record 548 standalone or independent enforcement actions”.

Among those record 548 standalone cases were two records for cases involving investment advisers or investment companies.  The SEC’s 98 independent or standalone cases against investment advisers or investment companies was “the most ever” in a year for the SEC.  The SEC’s total of 160 cases somehow involving investment advisers or investment companies broke a record, as well.

Another area where the SEC set a record was in Foreign Corrupt Practices Act (“FCPA”) cases, by bringing 21 FCPA-related cases during FY2016.  For other types of cases that the SEC brings, see my prior post here.

These records coincide with an increase in SEC enforcement actions against public companies and their related subsidiaries over the last couple of years, which I reported on back in May.

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The Pickholz Law Offices, an SEC whistleblower law firm, has represented employees, officers, and directors in SEC whistleblower cases involving financial institutions and public companies listed in the Fortune Top 10, Top 20, Top 50, Top 100, Top 500, and the Forbes Global 2000.  We were the first law firm ever to win an SEC whistleblower award for a client on appeal to the full Commission in Washington, an achievement that Inside Counsel magazine named as one of the milestones of the SEC whistleblower program.

For more information about The Pickholz Law Offices, you can click on any of the links to the right and top of this page.

If you would like to speak with an SEC whistleblower attorney, please feel free to call Jason R. Pickholz at 347-746-1222.




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