The SEC Whistleblower Program was implemented to put a stop to corporate bullies draining the system of funds. These criminals can quickly make a substantial amount of money by dealing in insider trading deals. The end result is that all the investors must pick up the tab by paying higher maintenance fees. That has a serious impact on the profits of the portfolio, so the SEC stepped in and created this unique program. Now the ones who are raiding the system have more eyes on them anxious to enjoy the benefits of turning in these crooks.
The Benefit for All
Each time someone takes advantage of the SEC Whistleblower Program, everyone benefits from the maintenance fees staying as they are. Rather than having to pay for the crooks who are walking away with millions of stolen dollars, the money is put back in the system and those who report the concern are generously rewarded. With so many people eager to enjoy the rewards, the crooks have to be especially careful as to how they conduct business.
The Reward Money
The reason that the sec whistleblower program is so successful is because of the huge reward given if the criminal is prosecuted. In many cases, a 10% cash reward is provided to those responsible for turning the information over to the SEC. This can be a huge amount of reward money when you are dealing with criminals who pocket millions in stolen funding. Now the people who have been abused have the chance to turn the tables on those who abuse the power.
SEC Whistleblower Program 