On November 17, the Securities and Exchange Commission released its third annual Dodd-Frank Whistleblower Program Report. 

The Dodd-Frank Wall Street Reform and Consumer Protection Act provided for the creation of a whistleblower program designed to encourage the submission of information to aid the SEC’s Division of Enforcement in discovering and prosecuting violations of federal securities laws. According to the report, there were a total of 10,193 whistleblower reports since the program commenced in 2011, with 3,620 whistleblowers during the 2014 fiscal year alone, an increase of 10 percent over 2013.  

A total of 14 whistleblower awards have been authorized since the inception of the program. The Report found that the number of awards was slowly increasing; for example, there were more awards in the 2014 fiscal year (nine total) than in all of the other years of the program combined.   

Click here to read the Report.