By any measure, the whistleblower bounty provisions of the Dodd-Frank Act have been an unmitigated success in bringing essential information to the Securities and Exchange Commission, leading to substantive enforcement actions. According to an SEC press release, the whistleblower program has led to over $500 million in financial remediation paid by companies and bounties paid to 33 whistleblowers have now exceeded the $107 million mark. According to SEC Chairperson Mary Jo White, “The SEC’s whistleblower program has proven to be a game changer for the agency.”
