NY AG Whistleblower Plan May Make SEC Up Bounty Game

By Ed Beeson (February 26, 2015, 7:06 PM EST) -- New York's attorney general could end up giving the U.S. Securities and Exchange Commission a run for its whistleblower money if his plans for a fraud tips bounty program get off the ground and it forces the agency to compete harder for tipsters to come its way first.

Meanwhile, the SEC's new probe into restrictive employment agreements shows the agency is living up to warnings over the past year that it won't look kindly upon attempts to hinder workers from sounding alarms about corporate malfeasance.

Both developments — New York Attorney General Eric Schneiderman's Thursday announcement of legislation to reward whistleblowers who...

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