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Whistle-Blowers Seek SEC Bounties at a Rate of Seven per Day

Bounty-hunting corporate tipsters are filing reports of potential wrongdoing with the U.S. Securities and Exchange Commission at a rate of about seven per day, according to the first progress report from the agency’s new whistle-blower program.

The public snapshot released last week counted 334 tips in the first 50 days after the program -- revamped under the Dodd-Frank Act -- became fully operational on Aug. 12.