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Securities Compliance Sentinel Analysis of cutting-edge securities industry issues

You Can Blow the Whistle too According to the SEC

Posted in Dodd-Frank, SEC Enforcement, Whistleblowers

The SEC’s Division of Enforcement is performing well according to its departing director.

The soon to be ex-Enforcement Director credits this strength to his re-organization of the Division based on expertise and the tips received from whistleblowers, among other things.  The Dodd-Frank Act was the impetus for the SEC’s whistleblower program, and the SEC received over 3,000 tips in a year.  Many of these tips relate to disclosure and financial fraud; market manipulation; as well as offering fraud, among other things.  The SEC has also found that these whistleblower complaints come from all over the country and world.

In short, the SEC seems to be waiting for you to blow the “whistle.”