Allison Lee Allison Lee testifies before the Senate Banking Committee during her SEC confirmation hearing on Wednesday, June 5, 2019. Credit: Diego M. Radzinschi / ALM

Whistleblower advocates voiced alarm Wednesday over the U.S. Securities and Exchange Commission (SEC) 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.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

C. Ryan Barber

C. Ryan Barber, based in Washington, covers government affairs and regulatory compliance. Contact him at [email protected]. On Twitter: @cryanbarber