Thursday, November 15, 2012

SEC gets 67 whistleblower complaints from N.C.

The Securities and Exchange Commission has received 67 whistleblower complaints from North Carolina in the past year, the regulator said in its annual report released Thursday.

That tied the state for 10th-most in complaint volume, with Arizona. South Carolina was the source of 21 complaints. The SEC received a total of 3,001 complaints.

The regulator's Office of the Whistleblower is a requirement under the Dodd-Frank financial reform law. The law also allows the government to pay the whistleblower a percentage of any penalty extracted from the company. The first whistleblower payment was $50,000.

The largest category of complaints were about corporate disclosures and financials, with 18 percent of the total. Fraud came in second with 15.5 percent.

The largest number of complaints, 435, came from California. New York was second, with 236.