Holder's Whistleblower Proposal Omits Key To SEC's Success

Law360, New York (September 17, 2014, 8:33 PM EDT) -- U.S. Attorney General Eric Holder's proposal Wednesday to dramatically increase the size of monetary awards Wall Street tipsters can receive under the Financial Institutions Reform, Recovery and Enforcement Act may bring in more leads, but some experts say an amped-up rewards program should also take a cue from the U.S. Securities and Exchange Commission, which offers anonymity to those who come forward.

In a speech at the New York University School of Law, the attorney general called on Congress to increase the FIRREA whistleblower provision — providing tipsters with as much as a third of the funds recovered by the government...

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