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.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
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