Bonus Watch ’12: SEC Whistleblowers

The Securities and Exchange Commission said Thursday it received more than 3,000 tips in the past fiscal year. The SEC said the tips — 3,001 in all — came from all 50 states, Washington, D.C., Puerto Rico and from 49 countries. It announced the findings in a report required by the Dodd-Frank Act on the activity of the SEC’s whistleblower office, which opened its doors in August last year…Under the program created by the Dodd-Frank Act, whistleblowers can receive a 10% to 30% reward if they provide original information that leads to a successful enforcement case netting a penalty of $1 million or more. The SEC issued its first reward under the program on Aug. 21 to an informant who didn’t want to be identified. The whistleblower received $50,000, or 30% of the $150,000 thus far reclaimed out of the multimillion-dollar fraud the person prevented, the SEC said at the time. [WSJ]

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7 Responses to “Bonus Watch ’12: SEC Whistleblowers”

  1. Guest says:

    Ha. Math.

  2. Guest says:

    Looks about right.

    — SEC Quant

  3. guest says:

    Are they hiring? Citi guy who'd do unspeakable things for $50k

  4. qwestion says:

    Jon Corzine just banked another $50k, didn't he.

  5. Whistleblower says:

    Dear Bess, For all my emails to, I havent even recieved a dollar in acknowledgement.

  6. guasto says:

    go on…

    – Flo R.