One Billion Reasons Why The SEC Whistleblower-Reward Program Is Effective

When Congress included a whistleblower-reward program in the Dodd-Frank Act, the program faced considerable opposition. Many large banks and companies, along with the Chamber of Commerce, argued that it would undermine compliance programs and create a perverse financial incentive for employees who are responsible for identifying and investigating misconduct. Six years later, however, the program has proved to be an unmitigated success in enabling the SEC to discover fraud, protect investors, and prevent another financial crisis. Whistleblower tips have enabled the SEC to recover nearly $1 billion in financial penalties from wrongdoers.

via One Billion Reasons Why The SEC Whistleblower-Reward Program Is Effective — Forbes