The Trump administration will likely impact the SEC whistleblower program in terms of a change in its enforcement priorities, as well as the amounts of financial bounties paid, but will not, in our opinion, threaten its existence given bi-partisan support or alter its core functions.

By way of background, the SEC whistleblower program pays monetary awards to eligible individuals who come forward with high-quality original information that leads to a commission enforcement action in which over $1 million in sanctions is ordered. The range of an award to the whistleblower is between 10% and 30% of the money collected.