L-R Kaitlin Meola, Jay Dubow and Robert Hickok, Troutman Pepper. Courtesy Photos After Nearly a Decade, SEC Amends Whistleblower Rules
After nearly a decade in operation, the U.S. Securities and Exchange Commission (SEC or commission) voted to amend the rules governing its whistleblower program, which Congress created in 2010 to assist the SEC in discovering and prosecuting securities law violations by providing "monetary incentives for individuals to come forward and report possible violations of the federal securities laws to the SEC."
December 01, 2020 at 12:59 PM
8 minute read
After nearly a decade in operation, the U.S. Securities and Exchange Commission (SEC or commission) voted to amend the rules governing its whistleblower program, which Congress created in 2010 to assist the SEC in discovering and prosecuting securities law violations by providing "monetary incentives for individuals to come forward and report possible violations of the federal securities laws to the SEC." The program seeks to accomplish this goal by providing potentially significant monetary awards in exchange for information regarding securities violations and offering protection to whistleblowers from adverse employment action for providing such information.
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