SEC proposes to limit whistleblower awards – MarketWatch

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.

via SEC proposes to limit whistleblower awards – MarketWatch.