SEC's Whistleblower Program Is Alive and Well

November 18, 2016

The U.S. Securities and Exchange Commission (the “Commission”) has reported to Congress that its Whistleblower Incentives and Protections program continues grow, not only in terms of the number of tips received and the number of significant awards granted per year, but also in terms of the number of actions brought to protect whistleblowers. In its newly-released 2016 Annual Report to Congress on the Dodd-Frank Whistleblower Program (the “Report”), the Commission is sending a clear message that its Office of the Whistleblower (the “OWB”) welcomes whistleblower tips from around the world about potential violations of the federal securities laws, that the Commission will vigorously protect whistleblowers from retaliation, and that the OWB will grant substantial awards to whistleblowers who provide the Commission with information and cooperation that enables the Commission to aid harmed investors and obtain sanctions through enforcement actions.

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