Difference between revisions of "SEC Whistleblower Program"

In summary, the SEC Whistleblower Program offers whistleblowers the opportunity to disclose information anonymously and there are safeguards in place throughout the process to protect whistleblower confidentiality. But in certain circumstances, revealing a whistleblower’s identity to the SEC can increase the likelihood that the SEC will pursue the tip.

In summary, the SEC Whistleblower Program offers whistleblowers the opportunity to disclose information anonymously and there are safeguards in place throughout the process to protect whistleblower confidentiality. But in certain circumstances, revealing a whistleblower’s identity to the SEC can increase the likelihood that the SEC will pursue the tip.

If the SEC shares the whistleblower’s submission with another agency, such as informing the Department of Justice of a [https://whistleblower-rewards-and-protections-wiki.zuckermanlaw.com/index.php/Foreign_bribery_and_FCPA_violations Foreign Corrupt Practices Act (FCPA)] violation, Section 21F(h)(2)(D)(ii)(I) of the Exchange Act provides that the other agency “shall maintain such information as confidential” subject to the same confidentiality requirements that apply to the Commission under Section 21F(h)(2)(A).

If the SEC shares the whistleblower’s submission with another agency, such as informing the Department of Justice of a [https://whistleblower-rewards-and-protections-wiki.zuckermanlaw.com/index.php/Foreign_bribery_and_FCPA_violations Foreign Corrupt Practices Act (FCPA)] violation, Section 21F(h)(2)(D)(ii)(I) of the Exchange Act provides that the other agency “shall maintain such information as confidential” subject to the same confidentiality requirements that apply to the Commission under Section 21F(h)(2)(A).