The Securities and Exchange Commission’s whistleblower program, like the whistleblower programs of other government agencies, provides bounties to persons who provide information that leads to successful enforcement actions. Under the program, individuals who voluntarily provide the Commission with “original information” that leads to an enforcement action in which more than $1 million in monetary sanctions are imposed may be entitled to between 10 percent and 30 percent of the amount collected. After a slow start, the SEC’s whistleblower program has hit its stride and is having what SEC Chair Mary Jo White called a “transformative impact on our enforcement program.” We discuss twelve things to know about the whistleblower program below.
via Twelve Things to Know About SEC’s Whistleblower Program | The National Law Review
