SEC and CFTC Whistleblower
Programs and Anti-Retaliation
Protections

The Dodd-Frank Act, formally known as the Wall Street Reform and Consumer Protection Act, is a major US financial regulatory law that created whistleblower reward programs at the Securities and Exchange Commission and at the Commody Futures Trading Commission.

 

Under the Act, this reward program is for eligible SEC/CFTC whistleblowers who provide original information that leads to successful SEC/CFTC enforcement actions with total monetary sanctions exceeding $1 million.

 

Violations can include the following areas:

• Accounting fraud

• Investment fraud

• Ponzi schemes

• Foreign bribery and FCPA violations

• EB-5 investment fraud

• Fraudulent securities offerings

• Improper revenue recognition

• Inadequate internal controls

• Violations of auditor independence rules

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