The SEC is out with its FY 2023 enforcement statistics. The total volume of enforcement was down from the prior year, but still very active. About $5 billion in financial remedies were obtained. As the quote below from Law360 highlights, the SEC's whistleblower program remains very active, with over 18,000 tips received last year.
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SEC Enforcement Stats for FY 2023
the SEC said it received 18,000 whistleblower tips. That's the agency's highest number on record, representing a 50% increase over the tips received in the previous record-setting fiscal year of 2022.
The tip increase came the same year that the SEC announced that it had delivered a whopping $279 million award to an anonymous tipster who helped the federal government secure a $1 billion foreign bribery award against Stockholm-based telecom giant Ericsson.
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