SEC: Whistleblower program floated
The SEC last month proposed a rule that would implement a whistle-blower program. Essentially, the program would reward…
The SEC last month proposed a rule that would implement a whistle-blower program. Essentially, the program would reward individuals who come forward to provide regulators with information about a violation of federal securities laws, leading to successful enforcement. The enforcement would have to involve monetary sanctions totaling more than $1 million. For more details and information on submitting comment by Dec. 17, read Proposed Rules for Implementing the Whistleblower Provisions of Section 21F of the Securities Exchange Act of 1934.
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