Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor

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SEC logged 3,238 whistleblower tips this year

Whistleblower tips and complaints increased to 3,238 in 2013, up from 3,001 in 2012, the SEC's Office of the Whistleblower said in its annual report to Congress. There were 149 FCPA tips in fiscal year 2013, up from 115 in 2012. 

The SEC has now received 6,573 tips and complaints since the whistleblower program started in August 2011, the report said.

In September this year, the SEC awarded over $14 million to a whistleblower whose information helped the government recover investor funds. It was the biggest award to date under the SEC's program, mandated by the Dodd-Frank Wall Street reform law.

The SEC hasn't announced any awards yet in FCPA cases.

Under the program, individuals who voluntarily provide the SEC with original information that leads to a successful enforcement action with sanctions over $1 million may be eligible for an award of 10% to 30% of the money collected by the SEC or other enforcement agencies.

The most common complaint categories reported by whistleblowers in 2013 were corporate disclosures, offering fraud, and manipulation.

The SEC's ‘2013 Annual Report to Congress on the Dodd-Frank Whistleblower’ is here (in pdf).


Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.