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1 Jul, 2014

Whistleblowers are increasing on Wall Street | New York Post

In the post-Dodd-Frank world, every Wall Street bank, it seems, has a rat.

This year has marked a turning point for regulatory action against the country’s largest financial institutions, with federal and state agencies moving beyond the misdeeds of the 2008 financial crisis and devoting attention to other fraudulent schemes, including money-laundering, tax-dodging and predatory trading.

That’s because frustrated Wall Street workers — emboldened by a beefed-up whistleblower program as part of Dodd-Frank financial reform — are finding it easier and potentially more lucrative to rat out wrongdoers within their own ranks, experts say.

Read the rest: Whistleblowers are increasing on Wall Street | New York Post.