Whistleblower

The biggest-ever payouts went to tipsters who provided information that helped the agency bring a 2016 case against Bank of America.

The U.S. Supreme Court narrowed an anti-retaliation provision in the 2010 Dodd-Frank financial law, insulating publicly traded companies from some whistleblower lawsuits.

The Securities and Exchange Commission’s whistleblower program demonstrated during fiscal year ended Sept. 30, 2017 that it continues to be a remarkable tool for combating securities fraud in the United States and strengthening capital markets.

This marks the commission’s third award in a week.

U.S. Supreme Court justices signaled they will narrow an anti-retaliation provision in the 2010 Dodd-Frank financial law, hearing arguments in a case that could insulate publicly traded companies from some whistle-blower lawsuits.

The Anti-Fraud Collaboration, a joint effort of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released a new report urging accountants, auditors and other business people to blow the whistle on any financial reporting shenanigans they see.

The commission has given over $162 million to 47 different recipients.