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Business Crimes BulletinWhite Collar CrimeWhistleblower LawsFeatures

Report: SEC’s Whistleblower Program At Six-Year Low

By Chris O'Malley
October 31, 2025

A powerful incentive to rat out corporate misconduct waned in the latest fiscal year, as payouts under the U.S. Securities and Exchange Commission’s Whistleblower Program fell to their lowest level in six years, a Law.com analysis found.

The SEC paid whistleblowers about $60 million in the fiscal year ended Sept. 30—a low not seen since 2019. In fiscal 2023, the agency awarded $600 million—the most since the program launched in 2011—and in fiscal 2024 it handed out $255 million. (See year-by-year data at the bottom of this story).

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