SEC Amends Whistleblower Rules

On August 26, 2022, the SEC amended its whistleblower program rules to incentivize whistleblower tips. As you can read in the related Press Release, the changes “allow the Commission to pay whistleblowers for their information and assistance in connection with non-SEC actions in additional circumstances” and “affirms the Commission’s authority to consider the dollar amount of a potential award for the limited purpose of increasing an award but not to lower an award.”

You can read more about the changes in the related Fact Sheet and final rule.

To date, the whistleblower program has paid out over $1.3 billion to 281 individuals.

As always, your thoughts and comments are welcome!

Leave a Reply

Your email address will not be published.