Legal Alert - The SEC's Annual Report on the Dodd-Frank Whistleblower Program Shows Increased Activity


by Joseph G. Adams

On November 15, 2016, the Securities and Exchange Commission (SEC) released its Annual Report on the Dodd-Frank Whistleblower Program. The Whistleblower Program was established by Section 21F of the Dodd-Frank Act, which directed the SEC to make monetary awards to individuals who submit original information that leads to enforcement actions for securities violations that result in monetary penalties of over $1 million. Successful whistleblowers are entitled to receive 10-30 percent of the total penalty as an award.

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