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By Ronny Valdes
On November 11, 2016, the SEC’s Office of the Whistleblower released its 2016 Annual Report to Congress. The report touts the great success the SEC’s Whistleblower Office has had since the whistleblower provisions went into effect with the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) in 2010. The SEC reports recovery of over $584 million in...
By Rosie Dawn Griffin
In a watershed moment for the SEC whistleblower program, a recently announced whistleblower reward of more than $22 million brings the SEC’s total awards to whistleblowers past the $100 million mark. The SEC has been tight-lipped about the whistleblower’s identity, as well as that of the wrongdoer, revealing only that the award goes to a corporate insider whose detailed tip and extensive...