Much has been written about the impact that the Dodd–Frank Wall Street Reform and Consumer Protection Act’s whistleblower provisions are having on the Securities Exchange Commission’s enforcement agenda.
With the publicity garnered by eyepopping awards being paid to whistleblowers, there seems a consensus that the SEC’s whistleblower program is akin to gasoline poured on a fire, begging whistleblowers with original information that could lead to uncovering securities violations to come forward and report to the SEC.