Regulatory Alerts2022-09-02 | 2022-18842Added
Whistleblower Program Rules
The Securities and Exchange Commission adopted final rules amending its whistleblower program regulations to expand the scope of related actions eligible for awards and clarify award determination discretion. The amendments allow non-SEC actions to qualify as related actions when alternative programs offer meaningfully lower awards, are discretionary, or involve sanctions under $5 million. Additionally, the rules establish that the Commission may use its statutory authority to increase award amounts but explicitly prohibit using that authority to decrease them.
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