Bounty Program at the SEC

The SEC is authorized to pay a bounty to a person who provides information that leads to the recovery of a civil penalty from those who violate the insider trading laws. With some exceptions, the SEC is permitted to award a bounty from the civil penalties actually recovered from violators. The total amount of the bounty may not exceed ten percent of the penalty.

The SEC has sole discretion whether to pay a bounty, the amount of the payment, and to whom the payment would be made. The SEC is not authorized to pay bounties for information about other violations of the securities laws.

For more information, read about the bounty program.