Regulatory Alerts2020-11-05 | 2020-21444Added
Whistleblower Program Rules
The Securities and Exchange Commission adopted final rules to amend its whistleblower program regulations, aiming to enhance transparency, efficiency, and clarity in award determinations. The amendments establish a presumption that the statutory maximum award applies when the maximum potential award is $5 million or less and negative factors are absent, while also clarifying definitions for actions, monetary sanctions, and original information. Additionally, the rules introduce a summary disposition process for straightforward denials and allow awards based on deferred or non-prosecution agreements entered into by the Department of Justice.
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