The SEC report on the fiscal year 2015 results of its whistleblower’s program established under Dodd-Frank bandied some very interesting numbers. In addition to crashing through the $100 million mark for bounties paid out for tips, the SEC reported, it “received nearly 4,000 whistleblower tips, a 30% increase over the number of tips received in Fiscal Year 2012.” This will only increase as the SEC makes greater use of this mechanism and more law firms and companies set up whistleblower practices. Yet there are not many discussions of the effect of this explosion of whistle blowing on the enforcement by the SEC and on corporations where whistleblowers tip from.
