The Dodd-Frank Wall Street Reform and Protection Act of 2010 stipulates that if more than $1 million is collected, the whistle-blower is entitled to between 10 and 30 percent of the monies collected.

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This statement is true. Section 922 of the Dodd-Frank Act established a whistleblower program that rewards individuals who provide original information about violations of securities laws to the Securities and Exchange Commission. If the information leads to a successful enforcement action and the recovery of more than $1 million, the whistleblower can receive between 10 and 30 percent of the amount collected.