‘Enforcement 40’ for 2020
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By Securities Docket on September 23, 2020, 4:09 pm
Whistleblower advocates voiced alarm Wednesday over the U.S. Securities and Exchange Commission asserting broad discretion to lower awards for tipsters who assist with investigations, saying the agency’s move threatens to undermine a program that has been hailed as a “game changer” for the agency’s enforcement efforts. via ‘A Sleight of Hand’: Whistleblower Lawyers Recoil at […]
By Securities Docket on September 23, 2020, 3:33 pm
Among other enhancements, the amendments provide a mechanism for whistleblowers with potential awards of less than $5 million (which historically have represented nearly 75% of all whistleblower awards), subject to certain criteria, to qualify for a presumption that they will receive the maximum statutory award amount. Other awards will continue to be evaluated consistent with […]