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 2012, the SEC Office of the Whistleblower has issued more than $505 million in awards to whistleblowers. The SEC actions associated with those orders have resulted in orders totaling more than $2.5 billion.
There are six main reasons for the success of the Dodd-Frank Act’s SEC Whistleblower Program.
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