Difference between revisions of "Template:Whistleblower Provisions Regulation intro"

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(Created page with "At its May 25, 2011 open meeting, the SEC issued its final rule regarding the establishment of whistleblower provisions under the [[Dodd-Fr...")
 
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At its [[SEC Open Meeting, May 25, 2011|May 25, 2011 open meeting]], the [[SEC]] issued its final rule regarding the establishment of whistleblower provisions under the [[Dodd-Frank Act]]. According to the rule, to be eligible, the whistleblower "voluntarily provide the SEC with original information that leads to the successful enforcement by the SEC of a federal court or administrative action in which the SEC obtains monetary sanctions totaling more than $1 million."
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At an open meeting on [[CFTC Open Meeting, November 10, 2010|November 20, 2010]], the CFTC approved a whistleblower rule proposal that maintains the “discretionary power” of the Commission with regard to the amount awarded to informants. At an open meeting on [[SEC Open Meeting, May 25, 2011|May 25, 2011]], the SEC issued its final rule under which the whistleblower, in order to be eligible, must "voluntarily provide the SEC with original information that leads to the successful enforcement by the SEC of a federal court or administrative action in which the SEC obtains monetary sanctions totaling more than $1 million.

Revision as of 13:05, 7 July 2011

At an open meeting on November 20, 2010, the CFTC approved a whistleblower rule proposal that maintains the “discretionary power” of the Commission with regard to the amount awarded to informants. At an open meeting on May 25, 2011, the SEC issued its final rule under which the whistleblower, in order to be eligible, must "voluntarily provide the SEC with original information that leads to the successful enforcement by the SEC of a federal court or administrative action in which the SEC obtains monetary sanctions totaling more than $1 million.”