SEC’s whistleblower program takes effect

Comments (0) | 15 Aug 2011 | Rating | Print by Tim Human

No legal challenges were brought against the program despite worries over how it will affect internal compliance procedures

On Friday the SEC’s new whistleblower program took effect, allowing company employees to profit from reporting securities law violations to the regulator.

Under the program, whistleblowers will be eligible for a financial reward if their tip leads to an enforcement action and a fine of more than $1 mn ...

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