Allison Lee testifies before the Senate Banking Committee during her confirmation hearing to be a Member of the U.S. Securities and Exchange Commission, on Wednesday, June 5, 2019. Credit: Diego M. Radzinschi / ALM 'A Sleight of Hand': Whistleblower Lawyers Recoil at SEC's New Rules
"The spin is just remarkable," Sean McKessy, former SEC whistleblower chief, said. "Overall, this is a net-negative for whistleblowers."
September 23, 2020 at 03:00 PM
6 minute read
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.
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