Daily Archives: July 21, 2020, 10:16 am

SEC Whistleblower Program Is Successful

In response to the 2008 financial crisis, Congress passed the Dodd-Frank Act on July 21, 2010, which, among other things, created the SEC Whistleblower Program. A decade later, the program has proven to be successful in generating high-quality information regarding securities laws violations that have enabled the SEC to halt fraud schemes and protect investors. Since issuing its first award in…

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More than 33,000 tips, $2.5 billion in financial remedies and $500 million in awards to investors — the SEC’s whistleblower program turns 10 years old today – MarketWatch

Tuesday marks the 10th anniversary of the Dodd-Frank Act, the landmark financial-reform legislation passed in the wake of the Great Recession. What we’ve learned during this time is that there’s strong consensus that the whistleblower-rewards provisions are effective in detecting and combatting fraud and conserving limited public resources. Using financial incentives to motivate potential whistleblowers to take the risk of…

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