This Article critically examines post-financial crisis whistleblower regimes and their impact on contemporary financial … markets. In particular, the Dodd-Frank whistleblower program, as implemented by the United States Securities and Exchange … Commission, has received significant attention in legal, political, and popular quarters. Some praise the whistleblower program …

, judicial errors and standards of proof in the court case on the whistleblower's allegations and the possible follow-up for … fraudulent allegations. Balancing whistleblower rewards, sanctions against fraudulent reports, and courts' standards of proof is …

identified -- the amendments to the federal False Claims Act enacted in 1986, the Sarbanes-Oxley whistleblower protection scheme … enacted in 2002, and the Dodd-Frank securities fraud whistleblower bounty program enacted in 2010. Equally important may prove … the Deficit Reduction Act of 2005 (actually enacted in 2006), which created an unusual carrot for state law whistleblower …