Whistleblower Provisions Regulation - Comment Letter - SIFMA - December 17, 2010

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Gavel.png 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.
Dodd-Frank Timeline, Whistleblower Provisions, CFTC
Final Rule Issue Effective Date Proposed Amendment
August 4, 2011 October 24, 2011 August 30, 2016

SEC Whistleblower Provisions
December 17, 2010

A summary of the comment letter:

  • "The proposed rule should require individuals to report violations internally to be eligible for an award."
  • "For internal reporting and compliance systems to work effectively, the proposed rules should exclude from whistleblower eligibility legal staff, other control function staff and supervisory staff."
  • "The proposed rules should be strengthened so that culpable individuals are not eligible for awards."
  • "The Commission should harmonize its whistleblower rules with its cooperation initiative."
  • "The Commission should incorporate reporting to SROs as part of the whistleblower rules."
  • "The anti-retaliation rules should not protect individuals who engage in violations of law or who lie to the company."

References[edit]

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