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SEC Says It Won’t Limit Whistleblower Payouts

The Securities and Exchange Commission said Thursday that it was revising two amendments governing the rules of its whistleblower program to address concerns that they would discourage tipsters from coming forward. The two amendments were adopted in September 2020, during the Trump administration. SEC Chairman Gary Gensler, a Democrat tapped by President Biden, said last year that one amendment could be used by a future commission to lower an award because of its size...

Mentions: Fraud Whistleblower The SEC