The number of complaints, tips, and reports of fraud and other wrongdoing received by the U.S. Securities and Exchange Commission’s (SEC) Office of the Whistleblower climbed eight percent in the past year, according to the 2013 Annual Report on the Dodd-Frank Whistleblower Program. According to the SEC report, the agency received 3,238 complaints in fiscal year 2013, up from 3,001 in 2012. The SEC program, designed to combat financial fraud like that which fueled the financial meltdown of the late 2000s, encourages private individuals to alert federal regulators to securities law violations and financial crimes. By empowering private-sector employees to ... Read More
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