Britons rank second in a list of non-US nationals most keen to tip America's regulators off about suspected financial crime, according to the first annual report on the Securities & Exchange Commission's whistleblower program.
Britons top the ranking among Europeans, over the recorded 12 months. They were outnumbered in the foreigners' ranks only by the Chinese. The Dodd-Frank Whistleblower Program stemmed from "a series of scandals that were either undetected or unreported, from Enron until the legislation was passed, including the Madoff scandal," said Jordan Thomas, chair of the whistleblower representation practice at lawyers Labaton Sucharow. Americans blew the whistle the most in its first year to 30 September with 215 cases. Britons reported nine times. Thomas, who spearheaded the SEC's program wh...
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