5 Ways SEC's Final Rules Will Affect Whistleblowers
Law360 (September 30, 2020, 3:22 PM EDT) -- On Sept. 23, the U.S. Securities and Exchange Commission voted 3-2 to pass the final rules amending its Whistleblower Program. In passing the rules, the SEC emphasized its intention "to provide greater transparency, efficiency and clarity to whistleblowers."
Some of the final rules fall short of achieving these purported goals. Because these rules require the SEC to exercise its discretion in determining potential award amounts and individuals' eligibility for awards, the impact of these changes on whistleblowers will become clearer as the SEC implements them.
Nonetheless, a number of the rules benefit whistleblowers, such as streamlining the awards process for certain...
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