Whistleblower

A whistleblower reports suspected violations to a regulator. US programmes pay a percentage of sanctions above a threshold, and a substantial share of large manipulation cases now originate this way.

compliance and practice · updated 2026-09-08

See also

• Referral — A referral passes a suspected violation from one body to another — typically from an exchange or self-regulatory organisation to a…
• Surveillance — Surveillance, in a market context, is the automated monitoring of order and trade data for patterns that suggest abuse. Exchanges,…

Terms that refer here

Referral

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