SEC Whistleblower Head Admits To Award-Payout Struggles

By Stephanie Russell-Kraft (October 21, 2014, 3:30 PM EDT) -- U.S. Securities and Exchange Commission whistleblower director Sean McKessy says there's nothing he enjoys more than paying a tipster a well-deserved award, but that doesn't mean he always has the statutory power to do so, an unfortunate reality that has left some tipsters empty-handed even when their information leads to a successful enforcement action.

During Law360's recent visit to his office, McKessy said he's had to struggle with what he calls the "unintended negative consequences" of the whistleblower program. While tens of thousands of pieces of information flow into the whistleblower office in any given year, only those tipsters who are...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!