SEC whistleblower tips benefit Justice Department

Security and Exchange Commission tipster program aids in criminal prosecutions

Overseen by the Securities and Exchange Commission (SEC), the whistleblower program set up by the Dodd-Frank Act offers rewards to individuals who provide tips that lead to sanctions. Whistleblower activity is up, partly due to large rewards the SEC has paid out. 

Now, a top prosecutor at the Department of Justice (DOJ) has stated that the tips have been helping in criminal prosecutions. According to The Wall Street Journal, Jeffrey Knox, chief of the fraud department of the DOJ’s criminal division, the program has helped increase the quality of tips used by prosecutors.

Senior Editor and Community Manager

author image

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....

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.