Tagged: SEC whistleblower program

SEC Modifies Whistleblower Regulations

SEC Modifies Whistleblower Regulations

The SEC has a long list of priorities and a full agenda.  One issue on its list was to address changes needed to the SEC’s whistleblower program. The SEC’s whistleblower program has been a success.  It was adopted as part of the Dodd-Frank Act in 2010.  Since then, it has resulted in significant enforcement actions and large payouts to whistleblowers.  Like any other program, the...

SEC Amends Whistleblower Rules

SEC Amends Whistleblower Rules

By any measure, the SEC’s whistleblower program has been a success.  Since its inception about 10 years ago, the SEC has collected $2.5 billion in financial recoveries based on whistleblower tips.  A large portion of this money has been returned to victim investors. Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act added Section 21F to the Securities Exchange Act of 1934...