Studying The Reactions To SEC's Whistleblower Proposals
October 18, 2018
The numerous submissions made in response to the requests for comment by the U.S. Securities and Exchange Commission highlight that many of the proposed amendments to the whistleblower rules, if adopted, will create greater incentives for individuals to report certain violations of the securities laws to the SEC and to do so more quickly than they do now. Notwithstanding the foregoing, the proposed rules would decrease the financial incentives for individuals to report the most significant violations to the commission and make it more difficult for individuals to qualify for awards based upon public information.
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