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Analysis of the SEC's 2013 Annual Report to Congress on the Dodd-Frank Whistleblower Program 

December 18, 2013
Digital Journal

On November 15, 2013, the United States Securities and Exchange Commission’s (“SEC”) Office of the Whistleblower (“OWB”) released its annual congressional report on the status of its whistleblower program. To ensure adequate oversight of the program, Section 924(d) of The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) requires OWB to compile data and issue an annual report to Congress. This article discusses pertinent developments and highlights key provisions of the program. A link to the full text of the OWB Report can be found on the SEC’s website.

Program Overview

In 2010 Congress passed Dodd-Frank to combat risky behavior on Wall Street which contributed a great deal to the nation’s economic collapse in the late 2000s. In an effort to facilitate the goals of the legislation the SEC established the OWB to oversee a whistleblower program, modeled after the False Claims Act.

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