White Paper

11 Pages
  • 11 Pages

SEC Proposes Amendments to SEC Whistleblower Rules

 

While the proposed amendments strengthen the rules, they may also deter reporting from happening.

At the end of June 2018 the U.S. Securities and Exchange Commission revealed proposed amendments to the current rules that govern the SEC Whistleblower Program. Several of these amendments bolster whistleblower’s incentives; however a proposed discretionary $30 million cap on awards could restrain whistleblowers from reporting nefarious fraud schemes. This white paper reviews the SEC whistleblower program and the proposed amendments.