As Sec Delays Almost No One Has Received Whistleblower Awards
When the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in 2010, it included an expanded whistleblower bounty program. As an incentive to report violations of financial regulations, whistleblowers are entitled to 10 to 30 percent of an enforcement action’s recovery. If they can ever get it. According to a review by The Wall Street Journal, 83 percent of the whistleblowers who have applied for their awards have yet to have their claims addressed....