SEC Amends Whistleblower Program Rules

The SEC has released a final rule that amends the rules governing its whistleblower program. Specifically, the amendments (1) “expand the scope of related actions eligible for an award” and (2) clarify that the SEC has the authority to “consider the dollar amount of a potential award to increase an award,” but not to “decrease an award.” The final rule’s amendments will become effective 30 days after the date of the rule’s publication in the Federal Register.

For more information, see the press release, final rule, and fact sheet, as well as statements by SEC Chair Gary Gensler and Commissioners Hester Peirce and Mark Uyeda on the SEC’s Web site.