SEC sees an increase in whistleblower activity

New report shows 8 percent uptick in tips

The Securities and Exchange Commission has released its second annual report on whistleblower activity, revealing statistics about the number of tips it received as part of the program, as laid out in the Dodd-Frank Act. The key takeaway from the report is that whistleblower tips rose in fiscal year 2013, going from 3,001 tips to 3,238 tips, an 8 percent increase.

The increase in tips could, in part, be linked to the increase in awards the SEC has given out to whistleblowers. In September of 2013, the Commission gave a record $14 million award to a whistleblower whose tip led to sanctions that totaled at least $46.7 million.

Senior Editor and Community Manager

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Rich Steeves

Richard P. Steeves is Senior Editor and Community Manager of InsideCounsel magazine, where he covers the intellectual property and compliance beats. Rich earned a B.A....

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