New figures confirm that Dodd-Frank whistleblower tips are pouring into the SEC

Download document:

New figures confirm that Dodd-Frank whistleblower tips are pouring into the SEC - .PDF file.

A senior official of the Securities and Exchange Commission has confirmed what many observers expected to occur in the wake of the Dodd-Frank Act: the potentially enormous financial rewards offered to whistleblowers in return for information about suspected wrongdoing are generating a deluge of tips to the SEC. According to a recent report, the chief of the SEC’s Office of Market Intelligence revealed in an interview with Law360 that the SEC has been receiving an average of seven whistleblower tips per day — with roughly two to three worthy of investigation — since the Dodd-Frank whistleblower program began.

Click on the link above to download this Simpson Thacher & Bartlett briefing.