What is the SEC whistleblower program?

The SEC Whistleblower Program is a government-sponsored program designed to encourage people to come forward with information that could help detect and investigate corporate fraud in the securities industry. It is implemented by the Securities and Exchange Commission (SEC), which is a federal government agency that regulates the securities industry in the United States. Under the SEC Whistleblower Program, individuals who report corporate fraud or other violations of securities laws to the SEC are eligible for an award if the information leads to successful enforcement action. In Florida, the SEC Whistleblower Program allows the individual to be rewarded with up to 30% of the settlement or monetary penalty imposed on the wrongdoer, depending on the amount of the penalty. Individuals who are considering whistleblowing should be aware of the steps they need to take to protect themselves and to maximize their potential rewards. They should also be aware of the potential risks associated with whistleblowing, such as the possibility of retaliation.

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What is the SEC whistleblower program?

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