From Forbes:
The Securities Exchange Commission’s Annual Report on the Dodd-Frank Whistleblower Program for Fiscal Year 2012 (the “Report”), released yesterday, reveals a number of things. The SEC has received a lot of tips, complaints, and referrals: A total of 3,001 in fiscal year 2012 with the lowest number (166) in November 2011 and the highest number (313) in May 2012. Those tips, complaints, and referrals came from all 50 states, theDistrict of Columbia, Puerto Rico and 49 countries, primarily from tipsters located in states with proximity to major markets including,California (17.4%),Florida (8.1%),Illinois (4.0%),New Jersey (4.1%),New York (9.8%),Pennsylvania (3.6%), andTexas (6.3%). Just over 10% of the tips were received from individuals outside of theUnited States. And, the 3,001 tips primarily were concentrated in three areas: Corporate Disclosure and Financials (18.20%); Offering Fraud (15.50%); and Manipulation (15.20%).
Speak Your Mind