The New SEC Whistleblower Proposal

Law360, New York (June 29, 2009, 12:00 AM EDT) -- Buried deep within the president’s historic new proposals to oversee and regulate the financial markets (“Financial Regulatory Reform, A New Foundation”) is the outline of a provision that garnered no headlines but might well become the most effective new antifraud regulation of all: rewarding whistleblowers who disclose fraud cases to the SEC.

It is surely the only part of the massive proposal that gives insiders with knowledge of wrongdoing a chance to speak up against and even profit from the types of financial and securities fraud...
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