Securities
Jul. 26, 2012
As tips flow in, whistle-blower attorneys abound
The SEC's whistle-blower program's promise of cash rewards has upped the number and quality of reported tips. It's also spurred growth in a practice area for lawyers who represent tipsters in exchange for a cut of the action.
Daily Journal Staff Writer
In the year since the U.S. Securities and Exchange Commission adopted a program allowing whistle-blowers to claim cash rewards for shining light on corporate wrongdoing, early evidence suggests the financial incentive has increased both the number and quality of tips flowing to the agency.
But the potential to collect big bounties hasn't attracted whistle-blowers alone. The program also has spurred g...
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