Thursday, July 22, 2010
The story is at Law.com:
Under the so-called Dodd-Frank Act, the SEC will pay whistleblowers cash rewards of between 10 percent and 30 percent of any monetary sanctions in excess of $1 million that the government, because of whistleblowers' assistance, recovers through either civil or criminal proceedings. The "bounty" program also extends to whistleblower disclosures of violations to the U.S. Commodity Futures Trading Commission.
Hat tip: White Collar Crime Prof Blog, which has additional coverage.