Big SEC Whistleblower Bounties Won’t Change With Trump
Law360, New York (November 14, 2016, 9:02 PM EST) -- The U.S. Securities and Exchange Commission’s whistleblower program is likely to continue its record-breaking streak, bolstered by a $20 million award announced Monday, experts said, despite the newly elected Trump administration’s threats to repeal the Dodd-Frank Act that created the program in 2011.
The Dodd-Frank Act, which created the SEC's whistleblower program, has come under fire from President-elect Donald Trump and several of his closest advisers. (AP) The $20 million whistleblower award announced Monday is the third-highest issued by the agency since its first award in 2012. With the latest award, seven of the 10 largest bounties awarded under the SEC...
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