Benefits of the SEC Whistleblower Program
The SEC Whistleblower Program was implemented to help protect the integrity of the investing world by allowing average citizens to stand up to those giant corporations that are gaming the system. The program eliminates the threats that companies place on employees who do not want their criminal activities talked about. These companies can no longer tell a person their job is in jeopardy if they talk, because the rewards from the SEC Whistleblower Program will more than compensate them for their service.
The Huge Financial Reward
When a citizen makes use of the SEC Whistleblower Program, they have the opportunity to score a huge refund if the guilty party is convicted of insider trading. The monies that are awarded to those who turn in a company though to be gaming the system can be significant, especially when many of these cases brought to trail can easily be in the millions. This means the person that blew the whistle stands to win hundreds of thousands of dollars in reward money. That is just a small fraction of the money investors will have saved when the corporation is convicted.
More Incentive to do the Right Thing
When there is an incentive to report those committing insider trading or fraud, not only does the reporting party win, every investor does as well. The sec whistleblower Program was developed to help eliminate the need to keep piling on excess maintenance fees to investors in an effort to recoup the monies being lost each year. Now with an easy outlet available, even the criminals are hesitant to risk being exposed by the huge amount of peering eyes now watching every move.