The Securities and Exchange Commission is looking to limit whistleblower payouts after doling out tens of millions of dollars in a recent case.
The SEC voted 3-2 Thursday to propose a limit limiting whistleblower payouts after an $83 million award in March to three tipsters – the largest payday in the history of the SEC’s whistleblower program—raised concerns that the jackpots may be getting “too large,” according to the proposal.
‘Enforcement 40’ for 2020
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