SEC Changes Whistle-Blower Award Rules to Boost Tipster Payouts
The U.S. Securities and Exchange Commission headquarters in Washington, D.C.
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The US Securities and Exchange Commission changed its whistle-blower rules to give the agency more leeway to pay out hefty awards.
Wall Street’s main regulator will be able to pay tipsters who help other government agencies that don’t have whistle-blower reward programs like the SEC, the agency said in a Friday statement. Under rule changes, officials will also lose some discretion to reduce the size of an award based on its size.