Amid Stonewalling, Whistleblower Tips to SEC Dry Up (Podcast)

After the Bernie Madoff scandal, the SEC created a whistleblower program that encouraged people to provide information by promising them a cut of the recovered funds.

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At first, the agency was inundated with tips. But now, the number of people reporting financial fraud is dwindling. The guests on this week’s episode of our weekly podcast, On The Merits, say they know why.

One problem: it’s unclear how or why the SEC pays rewards to some ...