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Browse: Home / 2017 / February / 13 / Whistle-Blower Lawyers Hope GOP Won’t Kill SEC Rewards for Co-Conspirators | Bloomberg BNA

Whistle-Blower Lawyers Hope GOP Won’t Kill SEC Rewards for Co-Conspirators | Bloomberg BNA

By Securities Docket on February 13, 2017, 9:35 am

A Republican proposal to bar whistle-blowers who participated in the misconduct they report from collecting a bounty could harm SEC enforcement efforts, whistle-blower lawyers told Bloomberg BNA.

Allowing wrongdoers to obtain a whistle-blower award isn’t “ideal,” former Securities and Exchange Commission whistle-blower chief Sean McKessy told Bloomberg BNA. However, he said, with the inducement, enforcers can use the “little fish” to get the “big fish” in securities law violations.

via Whistle-Blower Lawyers Hope GOP Won’t Kill SEC Rewards for Co-Conspirators | Bloomberg BNA

Posted in SEC, Top | Tagged Whistleblowers

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