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2014 Marked Record Year for SEC Whistleblower Program

Jaclyn Jaeger | November 19, 2014

Fiscal year 2014 marked an historic year for the Securities and Exchange Commission’s Whistleblower Program both in terms of the number and dollar amount of whistleblower rewards the agency doled out, according to the SEC’s annual report to Congress.

"Fiscal Year 2014 was historic for the office in terms of both the number and dollar amount of whistleblower awards," Sean McKessy, Chief of Office of the Whistleblower, said in the report. "The Commission issued whistleblower awards to more individuals in Fiscal Year 2014 than in all previous years combined."

The SEC received 3,620 whistleblower tips in 2014, compared to 3,238 last year. Since its inception in 2011, the SEC has doled out awards to 14 whistleblowers, nine of which received whistleblower awards this year.

"Not only did the number of whistleblower rewards rise signficantly, but the magnitude of...

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