SEC Office of the Whistleblower

rdf:langString SEC Office of the Whistleblower

rdf:langString The U.S. Securities and Exchange Commission (SEC) whistleblower program went into effect on July 21, 2010, when the President signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. The same law also established a whistleblower incentive program at the Commodity Futures Trading Commission to incentivize reporting of violations of the Commodity Exchange Act, which is run by former senior SEC enforcement attorney Christopher C. Ehrman. The SEC Whistleblower Program rewards people who submit tips related to violations of the federal securities laws. The program offers robust employment protections, monetary awards and the ability to report anonymously. SEC whistleblowers are entitled to awards ranging from 10 to 30 percent of the monetary sanctions collected, which are paid from a replenishing Investor Protection Fund. Since 2011, whistleblower tips have enabled the SEC to recover over $4.8 billion in financial penalties from wrongdoers. The SEC has awarded more than $1 billion to whistleblowers. The largest SEC whistleblower awards to date are $114 million, $110 million, and $50 million.