Did you know (I am sure you do because you're on r/Superstonk) that the SEC has been on a roll awarding whistleblowers?:
- ~$23 million this month already
- ~$88.6 million in May
- ~$23 million this month already
- ~$190 million in 2021 so far
- More than $928 million since 2012
Since 2012 this means on average:
- 16.6 whistleblowers come forward each year
- 1.38 whistleblowers come forward each month
- $92.8 million paid per year to whistleblowers
- $7.73 million per month paid to whistleblowers
- Assuming 2,087 work hours per calendar year, the hourly rate for an SEC whistleblower is $44,465.74 per hour
- All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators.
- No money has been taken or withheld from harmed investors to pay whistleblower awards.
- Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.
- Whistleblower awards can range from 10 percent to 30 percent* of the money collected when the monetary sanctions exceed $1 million.
*So if they have awarded $928 million, that means the fines levied were in the $1.02 - $1.21 Billion range? Clearly, the ill-gotten gains are much more significant!!!!
What's up with 7/30/21?!?!?!
Did you know today 6/4/21 is National Donut Day in the US? Fun fact, the celebration dates all the way back to 1938, when the Salvation Army wanted to honor women who served donuts to soldiers during World War I.
I bring all this up because there is seemingly a day celebrating everything in this country!
However, I would like to draw your attention to National Whistleblower Day, which takes place 55 days from now on 7/30!
Some background: National Whistleblower Day on July 30th is an annual celebration commemorating the contributions of whistleblowers around the world who have bravely stepped forward to expose waste, fraud, and abuse.
It marks the date in 1778, when the U.S. Continental Congress unanimously passed America’s first whistleblower law. Enacted during the height of the Revolution, it demonstrates beyond doubt that the Founding Fathers recognized the importance of whistleblowers and demanded that they be protected.
A holiday celebrating whistleblowers, great, but why should Apes care?
For many years, the whistleblower lawyers at Kohn, Kohn and Colapinto and the leadership of the National Whistleblower Center have urged Congress to officially acknowledge July 30th as National Whistleblower Day. The Senate has unanimously passed such resolutions annually since 2013.
However, the house has done jack shit. There is a petition to try and change this though! I encourage all Apes to consider signing this petition as it would require every department in the federal government to publicly acknowledge the contributions made by whistleblowers on July 30th of each year.
The SEC is part of the federal government and as evidenced by the recap above, they clearly need more public awareness around whistleblowers! GG stated in testimony to congress he is hoping to hear the people's opinion on what actions should be taken, this is one avenue to potentially express that.
TL:DR - Whistleblowers whistling louder than Flo Rida and raking in the tendies, 7/30 is whistleblower day where we can try and get the other half of Congress to acknowledge the day which would require every department in the federal government to publicly acknowledge the contributions made by whistleblowers.