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
