Whistleblower attorney Stephen M. Kohn, partner at Kohn, Kohn & Colapinto, was recently featured in a Compliance Week article about the record year the SEC Whistleblower Program reported in 2020.
So far this year, the SEC has paid out over $175 million to whistleblowers, the most since the program issued its first award since 2012.
From Compliance Week:
Stephen Kohn, chairman of the National Whistleblower Center and an attorney who represents whistleblowers before the SEC, cited a “tone at the top” for speeding up the award process.
“Whenever we’ve met with him, (SEC Chairman) Jay Clayton has made it clear he wants to see cases decided faster,” Kohn said. “Other chairs have been supportive, but this chair has had an interest in getting whistleblowers paid faster.”
Kohn says his firm has been working on several whistleblower award cases for more than a decade. In some instances, the assessment of the whistleblower award took longer than the investigation.
“That can be really discouraging to future whistleblowers,” he said.