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Whistleblower Program

"Although the changes to the rules are inconsequential because they are not logical solutions to any existing problems, they nonetheless further complicate the already byzantine ...
SEC Commissioner Uyeda
"Today’s amendments are not aimed at remediating any known or identified weaknesses with the current whistleblower rules"
This is a final rule from 2022 amending the Commission's whistleblower rules
This is an example of an escalation policy designed to help a firm direct whistleblower claims up the ladder. This was prepared by Patricia Foster, ...
SEC Commissioner Peirce
"The Commission, however, must be cautious about using the settlement process to obtain voluntary compliance with requirements that it lacks statutory authority to impose"
The proposal seeks to improve the more than a decade’s old whistleblower rules
The Commission shall not make a related-action award to a claimant (or any payment on a related-action award if the Commission has already made an ...
Should the proposed changes become final, they would ensure that whistleblowers were “appropriately rewarded for their efforts and that our rules do not inadvertently create ...
SEC Commissioner Hester Peirce
"Absent some pressing need to remedy inadvertent oversights, address unanticipated consequences, or deal with significant new factual developments, revisiting recently adopted rules subverts the regulatory ...
"Under this proposal, the SEC could pay such claims if the alternative whistleblower award program was not comparable to the SEC’s award program"
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