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Report: SEC’s Whistleblower Program At Six-Year Low
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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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
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The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
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Use of Deferred Prosecution Agreements In White Collar Investigations
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