Whistleblower Provisions Regulation - Comment Letter - Financial Services Institute - December 17, 2010
|FINAL RULE: This page refers to the proposed rulemaking on whistleblower provisions. The CFTC final rule was issued at its August 4, 2011 open meeting. The SEC final rule was issued at its May 25, 2011 open meeting.|
|Final Rule Issue||Effective Date||Proposed Amendment|
|August 4, 2011||October 24, 2011||August 30, 2016|
SEC Whistleblower Provisions
December 17, 2010
From the comment letter:
"FSI is concemed about the potential impact the Proposed Rules may have on established compliance programs of lBDs and their potential to undermine an lBDs robust compliance efforts. Specifically, we believe that whistleblowers should have to report to the broker-dealer about potential securities violations prior to reporting to the SEC."