Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Finance reform bill could increase big payouts to whistleblowers

Business Ethics, May 3, 2010
A provision in the financial reform legislation now before Congress could lead to an increase in multimillion dollar awards to whistleblowers, prompting more government enforcement actions and increasing pressure on companies to report misconduct early. The legislation would require the Securities and Exchange Commission to award whistleblowers up to 30% of the fines collected by the government for providing "original information" regarding violations of securities laws.