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Canadians love being SEC whistleblowers
Canadians love being SEC whistleblowers
(CHUCK STOODY/CP)

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Canadians love being SEC whistleblowers

Who says Canadians are tight-lipped and too polite to spill the beans?

At the end of the first year of the U.S. Securities and Exchange Commission’s controversial whistleblowing program, Canada ranks second in the list of countries that offered tips. The United Kingdom took the top spot.

The whistleblowing program was established under the Dodd-Frank Act, allowing the SEC to pay people who come forward with information that leads to $1-million (U.S.) or more in sanctions. For taking the risk, the whistleblower is entitled to between 10 and 30 per cent of the money.