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The Future of the SEC Whistleblower Program Under Trump 2.0

By David Chase and Scott Silver
March 01, 2025

The Trump administration will likely impact the SEC whistleblower program in terms of a change in its enforcement priorities, as well as the amounts of financial bounties paid, but will not, in our opinion, threaten its existence given bi-partisan support or alter its core functions.

By way of background, the SEC whistleblower program pays monetary awards to eligible individuals who come forward with high-quality original information that leads to a commission enforcement action in which over $1 million in sanctions is ordered. The range of an award to the whistleblower is between 10% and 30% of the money collected.

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