Law360 (October 25, 2018, 1:01 PM EDT) -- This summer, the U.S. Securities and Exchange Commission voted 3-2 to propose amendments to the rules governing its whistleblower program. At nearly 200 pages long, the proposed amendments contain a number of substantive proposed changes to the program. As the two dissenting commissioners and others have noted, the proposed amendments represent a step back for the program. However, there are elements of the proposed amendments that should encourage whistleblowers.
Capping SEC Whistleblower Awards at $30 Million
The proposed amendments would permit the SEC to limit awards that would otherwise result in a whistleblower receiving over $30 million, if the commission determines that such...
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