In the context of whistleblowing, voluntary refers to the independent decision made by an individual to report suspected wrongdoing within an organization. This disclosure is not driven by external pressure or legal obligation.

Within the legal framework established by Dodd-Frank, the concept of voluntary takes on a specific meaning in the context of whistleblower disclosures to the Securities and Exchange Commission (SEC). Voluntary whistleblowing refers to the independent decision made by an individual to report suspected violations of securities laws without being compelled by an external force or legal mandate.

While motivations for voluntary whistleblowing can be multifaceted, the Dodd-Frank definition focuses on the absence of coercion. This ensures that the whistleblower’s decision to come forward stems from a genuine desire to expose wrongdoing in the financial markets, potentially leading to an SEC investigation and enforcement action. This focus on independent action is crucial for the SEC’s whistleblower program, as it incentivizes individuals with firsthand knowledge of securities law violations to come forward without fear of punishment or undue pressure.