Benefits Of The Whistleblower Reward Program

When the SEC Whistleblower Reward Program was released, many people of both sides of the fence had very strong opinions. Those who were afraid to report wrong doings for fear of losing their jobs rejoiced, while those who were committing these crimes felt they were being unfairly targeted. One thing is for sure, this program is going to make some people very wealthy, while curbing the dirty deals that have plagued Wall Street for too long.

Huge Financial Gain

If you suspect anyone of insider trading, now you have a platform where you can anonymously file a report, and not only bring them to justice, but receive a huge reward for your help. In cases where millions of dollars are recovered, whistleblowers can expect cash in the hundreds of thousands of dollars. This is a huge incentive to not only do the right thing, but to make those committing the crimes to think twice about scamming the system. Every time a crime is stopped, the next person considering the same will definitely think twice.

Savings for Everyone

The biggest benefit for all traders is that they no longer have to keep paying those increasing maintenance fees on their accounts. By reducing insider trading and limiting money from being stolen from the system, those recovered funds help to keep the cap on the maintenance fees long-term. Even one person reporting one company could have a significant impact on the fees that everyone else is being subjected to pay. Doing the right thing here has far reaching benefits for all traders. 

To learn more about whistleblower reward visit us at SecWhistleblowerCenter.org.