In a Friday post on The New York Times DealBook blog, Ben Protess writes, “The Securities and Exchange Commission’s whistle-blower office opened its doors on Friday, much to the delight of plaintiffs’ lawyers and the consternation of corporate America.”
As mandated by the Dodd-Frank financial overhaul law, the new Office of the Whistleblower is a central clearinghouse for tipsters to report corporate fraud, with whistleblowers poised to share in a portion of any fines collected by the SEC as a result of an employee tip.
