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SEC Curbs Limits On Whistleblower Awards

SEC Curbs Limits On Whistleblower Awards

by Starling Insights

Starling Insights Editorial Board

Sep 06, 2022

Observations

Late last month, the US Securities and Exchange Commission (SEC) rolled back limits on monetary whistleblower awards that were put in place by the Trump administration.

Under former-Chair Jay Clayton, the SEC adopted a rule which would allow it to reduce awards when tips led to action by other agencies. While proponents of the change pointed to the record number of whistleblower tips in 2020, others see this as being driven by the push to remote work.

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