SEC: Expanding whistle-blower rules to boost tips
The SEC approved changes to its whistle-blower program that will allow those who give up information about suspicious…
The SEC approved changes to its whistle-blower program that will allow those who give up information about suspicious activities at a company’s to collect as much as 30% of penalties, even when they bypass the company’s internal complaint systems. The commissioners voted 3-2 to reward people who give the agency high-quality tips that lead to successful enforcement actions. Previously, the program was limited to insider-trading cases. For more information, click here. For a related story, see: House Republicans aim to reroute whistle-blowers
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