SEC Whistleblower Tips Rise 8%

Wall Street Journal
November 18, 2013

Jordan A. Thomas notes the progress of the SEC's Whistleblower Program after its second year

The Securities and Exchange Commission's whistleblower program saw an uptick in tips in its second full year up and running, according to an annual report to Congress.

The agency received 3,238 tips in the 2013 fiscal year, which ended Sept. 30, up about 8% from 3,001 tips the year prior. The program launched near the end of fiscal 2011 after it was established by the 2010 Dodd-Frank financial reform act.

"The whistleblower program is beginning to hit its stride," said Jordan Thomas, partner and chair of the whistleblower representation practice at Labaton Sucharow LLP.