SEC Receives 3,001 Whistleblower Tips During Fiscal Year 2012

In this year’s Annual Report, the SEC Office of the Whistleblower announces that it received 3,001 whistleblower tips during Fiscal Year 2012. Of these, 70 were received from Massachusetts. This year, the Office of the Whistleblower made its first award under the Whistleblower Program, for the maximum award amount permitted under the Whistleblower Rules – 30% of the total money collected by the SEC. The Commission currently has a fund of $453 million set aside for rewards under the program (seehttp://www.sec.gov/about/offices/owb/annual-report-2012.pdf).

If you believe you have a tip under the SEC Whistleblower Program, contact attorney Ian McLoughlin at imcloughlin@shulaw.com, or call (617) 439-3939 or (800) 287-8119. Alternately, click here to contact us through our website.