← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Whistleblower Program Rules

SEC · final-rule · Published 2022-09-02 · Effective 2022-10-03 · 87 FR 54140

Document

Document number
2022-18842
Federal Register citation
87 FR 54140
CFR reference
17 CFR 240
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2022-09-02
Effective date
2022-10-03
Docket
Release No. 34-95620

Abstract

The Securities and Exchange Commission ("SEC" or "Commission") is adopting amendments to the Commission's rules implementing its whistleblower program. Section 21F of the Securities Exchange Act of 1934 ("Exchange Act") and the Commission's implementing rules provide that the Commission shall pay an award to eligible whistleblowers who voluntarily provide the Commission with original information about a violation of the federal securities laws that leads to the successful enforcement of a covered judicial or administrative action or a non-SEC related action. The amendments: expand the scope of related actions eligible for an award under the Commission's whistleblower program; clarify that the Commission may use its statutory authority under Section 21F to consider the dollar amount of a potential award to increase an award but provide that the Commission will not use any statutory authority it might have to decrease the amount of an award; and make several conforming changes and technical corrections.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown