Whistleblower Program

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, ...

"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 ...

"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"

There may be only four SEC commissioners instead of the usual five but they’re moving toward adopting the most significant new rules aimed at investment ...

The new law carries the potential for punitive damages, back and front pay, civil money penalties and lawsuits that could publicize a firm’s dirty laundry