The U.S. Securities and Exchange Commission’s 2016 Annual Report on its Dodd-Frank Whistleblower Program reflects that 2016 was historic for the program, both in terms of whistleblower activity and enforcement of whistleblower protections.
During fiscal year 2016, which runs from Oct. 1, 2015 to Sept. 30, 2016, the SEC’s Office of the Whistleblower (OWB) received over 4,200 whistleblower tips, the largest in the program’s history. The OWB issued awards totaling over $57 million, which was higher than all award amounts issued in the previous years of the program, and included six of the 10 largest whistleblower awards issued to date.
