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Government

Jan. 3, 2013

SEC whistleblower program boosting legal work, not uncovering much wrongdoing

The U.S. Securities and Exchange Commission whistleblower program, launched as part of the 2010 Dodd-Frank Act, has not yet been the boon its proponents sought or the bust its corporate critics feared.


By Hadley Robinson


Daily Journal Staff Writer


The Securities and Exchange Commission whistleblower program, launched as part of the 2010 Dodd-Frank Act, has not yet been the boon its proponents sought or the bust its corporate critics feared.


According to the commission's first report, released in November, the whistleblower's office received 3,001 tips last year and made its first payout in September for $50,000 to an anonymous person...

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