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SEC Opens New Office of the Whistleblower

The Securities and Exchange Commission has announced the creation of the "Office of the Whistleblower," pursuant to provisions of the Dodd-Frank Act.  The whistleblower program was created by Congress to provide monetary incentives for individuals to come forward and report possible violations of the federal securities laws to the SEC. Under the program, eligible whistleblowers are entitled to an award of between 10% and 30% of the monetary sanctions collected in actions brought by the SEC and related actions brought by other regulatory and law enforcement authorities.  The Program also protects employees who provide the SEC with information about possible securities violations from retaliation by their employers.

Sean McKessy has been named as the first Chief of the Office of the Whistleblower.  An inaugural message from Mr. McKessy welcomes visitors to the Office's new website, explaining the offices purposes and goals.

Welcome to the Office of the Whistleblower website, designed to be a centralized source of information regarding the office and the whistleblower incentive program. Here you will find links to the Dodd-Frank Statute creating the Office of the Whistleblower, the Commission's Final Rules for implementing the statute, links to our online tips, complaints and referrals questionnaire, as well as hard copies of Forms TCR and WB-APP - the forms required to submit a tip and make a claim for an award respectively. We have also included Frequently Asked Questions to address many of the most common inquiries we have received since the Office was created.

The goal of the whistleblower program is to incentivize you to report possible violations of the US securities laws of which you become aware. Please click on the tab at the top of this site at any time to be taken directly to our online TCR questionnaire to submit your information and qualify yourself for a potential award. If you prefer to submit a hard copy, you can download and print the Form-TCR from this site as well. Whatever method you chose, I encourage you not to delay in reporting possible securities law violations. If you have knowledge of, or suspect, an ongoing or imminent securities violation, you can be an enormous help to others by reporting it so it may be prevented or stopped as quickly as possible.

The new site also contains resources for submitting whistleblowing tips, provides answers to frequently asked questions, and contains links and other resources on who is eligible for whistleblowing awards, timing, etc.  

The Office of the Whistleblower's website may be found at:  http://www.sec.gov/about/offices/owb.shtml