SEC whistleblower award levels shouldn’t change, government report says

A recent report from the Securities and Exchange Commission’s Office of Inspector General determined that whistleblower award levels established under the Dodd-Frank Act should not be altered. The OIG also said lawmakers should not consider introducing a private right of action into the new whistleblower regime until the agency has an opportunity to study the matter further.

Title IX of the Dodd-Frank Act empowered the SEC to provide monetary awards to eligible whistleblowers under certain circumstances and directed the commission to establish the Office of the Whistleblower to administer the whistleblower program. The act also required the SEC’s OIG to evaluate the whistleblower program. Read on for the details.