SEC Publishes 2014 Annual Report to Congress on Dodd-Frank Whistleblower Program

The SEC Office of the Whistleblower ("OWB") published its 2014 Annual Report to Congress on the Dodd-Frank Whistleblower Program, which presents information on the OWB's activities and whistleblower award program for fiscal year 2014.

Pursuant to Dodd-Frank Section 924(d) ("Implementation and Transition Provisions for Whistleblower Protection"), the OWB must report annually to Congress on OWB's activities, whistleblower complaints and the SEC's response to such complaints. Additionally, Exchange Act Section 21F(g)(5) ("Securities Whistleblower Incentives and Protection") requires the SEC to submit an annual report to Congress that addresses:

• the whistleblower award program, including a description of the number of awards granted and the type of cases in which the awards were granted during the preceding fiscal year;
• the balance of the Investor Protection Fund (the "Fund") at the beginning and end of the preceding fiscal year;
• the amounts deposited into or credited to the Fund, the amount of earnings on investments made, and the amount paid from the Fund to whistleblowers in the preceding fiscal year; and
• a complete set of audited financial statements, including a balance sheet, income statement and cash flow analysis.

See: 2014 Annual Report to Congress on the Dodd-Frank Whistleblower Program. See also: Whistleblower Specialty Page(available to Cabinet subscribers only). Related news: SEC Announces Largest Whistleblower Award (with Bondi Comment) (September 22, 2014); SEC Announces Award to Whistleblower (with Lofchie Comment) (July 31, 2014); SEC Solicits Comments Regarding the Collection of Certain Whistleblower Information (Fed. Reg.) (July 21, 2014); SEC Chair White Discusses Director Responsibilities and Defends the Whistleblower Program (June 24, 2014).