Whistleblowers with May be Eligible for a Cash Award for Reporting Financial Misconduct of a Public Company
Let’s face it: The Securities and Exchange Commission “SEC” exists because cheating exists. Insider trading, “pump and dump” schemes, Ponzi schemes, and other varieties of fraud victimize thousands of investors each year. This federal government agency is responsible for regulating fair and honest trades on US stock exchanges.
Since whistleblowing is vital to regulatory enforcement, Congress created the SEC whistleblower program in 2010, authorizing cash rewards for unique and helpful information related to securities fraud. In just 10 years, the SEC whistleblower program has received more than 33,300 tips, leading to $2 billion in sanctions for violations, and more than $500 million in rewards to whistleblowers.