Britons rank second in US whistleblowing league

Britons rank second in a list of non-US nationals most keen to tip America's regulators off about suspected financial crime, according to the first annual report on the Securities & Exchange Commission's whistleblower programme.

Britons top the ranking among Europeans, over the recorded 12 months, outnumbered in the foreigners' ranks only by the Chinese. The Dodd-Frank Whistleblower Program stemmed from "a series of scandals that were either undetected or unreported, from Enron until the legislation was passed, including the Madoff scandal," said Jordan Thomas, chair of the whistleblower representation practice at lawyers Labaton Sucharow. Americans reported clandestine activity most often in the programme's first year to 30 September with 215 cases, while Britons reported nine. Thomas, who spearheaded the...