In an effort to counter illegal insider trading, market manipulation and accounting fraud, the Ontario Securities Commission (OSC) has introduced a whistleblower program. Individuals who voluntarily submit to the OSC information that assists in an investigation that leads to the imposition of a monetary sanction will receive a reward between 5% and 15% of the monetary sanction to a maximum of $5 million(i.e., eligibility for a reward is dependent on an enforcement order that results in a monetary penalty of at least $1 million). The program also includes measures to protect confidentiality and prohibitions against reprisals. Should whistleblowers be rewarded for disclosing wrongdoing? What are the potential problems with a whistleblower program?