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Rescission of Rules Pertaining to the Payment of Bounties for Information Leading to the Recovery of Civil Penalties for Insider Trading

SEC · final-rule · Published 2010-09-21 · Effective 2010-09-21 · 75 FR 57384

Document

Document number
2010-23457
Federal Register citation
75 FR 57384
CFR reference
17 CFR 201
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2010-09-21
Effective date
2010-09-21
Docket
Release No. 34-62921

Abstract

The Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") \1\ repealed former Section 21A(e) of the Securities Exchange Act of 1934, which had authorized the Securities and Exchange Commission ("Commission") to make monetary awards to persons who provided information leading to the recovery of civil penalties for insider trading violations. Because the statutory basis for the insider trading bounty program has been removed, the Commission is rescinding rules promulgated to administer the program. ---------------------------------------------------------------------------

Source

Authoritative
Federal Register document
Machine
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