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SEC Will Continue Whistleblower Program, Ex-Chair Says

Law360, New York (May 31, 2017, 6:50 PM EDT) -- Former U.S. Securities and Exchange Commission Chair Mary Jo White said on Wednesday that the agency is likely to continue its whistleblower award program under newly appointed leadership, saying the program should remain strong despite legislative pushback against it.

White said she doesn’t expect any significant changes to the agency’s current whistleblower program, even though proposed legislation known as the Financial CHOICE Act could curtail who is eligible for the awards. The former director delivered her comments alongside former SEC Director of Enforcement Andrew J. Ceresney during a webinar sponsored by LexisNexis, the parent company of Law360.

“The SEC is very...

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