Financial Services Litigation Monitor
Poll finds that majority willing to "blow whistle" following Dodd-Frank
A December 12, 2011 Reuters report states that a recent poll found that three-quarters of Americans are willing to blow the whistle under the protections and incentives offered by the Dodd-Frank Wall Street Reform and Consumer Act.
"According to the poll released on Monday, 78 percent of Americans said they would report wrongdoing in the workplace as long as they could do it anonymously, without retaliation, and claim a monetary report" the article stated.
Under the Dodd-Frank whistleblower provisions, individuals who provide original information that leads to an SEC enforcement action with penalties of more than $1 million are eligible to receive a 10%-30% cut of the penalties. In its November 15, 2011 Annual Report on Dodd-Frank Whistleblower Program, the SEC stated that it had received 334 whistleblower tips in the seven weeks immediately following the August 12 effective date of the whistleblower bounty rules.