The U.S. Securities and Exchange Commission recently issued its 2014 Annual Report to Congress on the Dodd-Frank Whistleblower Program. (Available at: http://www.sec.gov/about/offices/owb/annual-report-2014.pdf). According to the report, the Commission authorized an award of more than $30 million to a whistleblower, its largest to date. The Commission paid awards to nine whistleblowers in 2014, and since its inception, in 2011, it has authorized awards to a total of fourteen whistleblowers.
The SEC opened a separate office (the Office of the Whistleblower) within the Division of Enforcement to administer the Dodd-Frank Whistleblower Program. Its mission is to identify and fight fraud early and quickly to minimize losses to investors. The program requires OWB to report annually to Congress on its activities, and to specifically address how much money has been paid to whistleblowers during the preceding year. To increase awareness and the transparency of its program, OWB created a website where all Final Orders issued by the Commission either awarding or denying a claim for an award are posted. (http://www.sec.gov/about/offices/owb/owb-final-orders.shtml).