SEC Issues Proposal on Whistleblower Program Rules

The SEC has issued a proposed rule, The Commission’s Whistleblower Program Rules. The proposed rule would address “instances when a whistleblower from the SEC’s program receives an award from another, non-SEC, whistleblower program” and would affirm the “Commission’s authority to consider the dollar amount of a potential award for the limited purpose of increasing an award, but not to lower an award.” For more information, see the press release and fact sheet, as well as a statement by SEC Chair Gary Gensler and Commissioner Hester M. Peirce, on the SEC’s Web site.