Since passage of the Dodd-Frank Act overhauling federal securities laws, the Securities and Exchange Commission's whistleblower program has been gradually growing in scope and significance. In 2015, the SEC received more than 4,000 tips.

But some recent developments may be “blowing the whistle” on the whistleblower program itself.  Jonathan Shapiro of Baker Botts LLP discusses some recent developments with the whistleblower program.