Template:Whistleblower Provisions Regulation intro

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Revision as of 13:05, 7 July 2011 by NicoleRohr (talk | contribs)
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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.”