An SEC whistleblower program designed to prevent another Bernie Madoff-type scandal often ignores its own rules, shields much of its work from the public, and has been a financial boon for law firms that hired former agency officials, a Bloomberg Law investigation has found.
Written into the Dodd-Frank financial reform law of 2010 and championed by Sens.
By that measure, it’s been successful: the Securities and Exchange Commission has gotten roughly …
