Dodd-Frank Act Finally Pays Out

  

After the passage of the Dodd-Frank Act in 2010 (better known as the “Whistle Blower Act”), an article written by Chad Bray entitled: SEC Readying First Payment Under New Whistleblower Program reports that the Securities and Exchange Commission will pay out nearly $50,000 (30% of the funds collected by the SEC) to the whistleblower.

The word from the SEC is that they are receiving very high quality tips, as well as documents and information allowing cases to be prosecuted much more quickly, cost effectively and with a higher degree of success.  Perhaps the new program will give new meaning to the old expression that crime does not pay!