The SEC recently announced its fifteenth whistleblower award since the program began three years ago, and the first to a former corporate officer. See Release No. 2015-14, (Mar. 2, 2015). SEC Former Company Officer Earns Half-Million Dollar Whistleblower Award for Reporting Fraud Case to SEC. The award is in the range of $475,000 to $575,000, to a former company officer who provided “original, high-quality” information about a securities fraud. The former officer’s information led to an SEC enforcement action that resulted in sanctions exceeding $1 million. Officers who learn about a fraud through other employees generally are not eligible for an award under the SEC’s whistleblower program. However, an officer becomes eligible if he or she reports information to the SEC more than 120 days after other responsible compliance personnel learned of the information and failed to adequately address the matter. This is the SEC’s first whistleblower award to an officer under these circumstances.