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Changes to the SEC’s whistleblower rules that allow for smaller awards are unlawful and sh...

Whistleblower Lawyer Sues SEC Over Award Size Rule Changes – Bloomberg Law

2 weeks ago Securities Law

Changes to the SEC’s whistleblower rules that allow for smaller awards are unlawful and should be undone, a Labaton Sucharow LLP attorney who helped develop the agency program told a federal court in D.C. Wednesday. The changes allow the Securities and Exchange Commission to lower award amounts when they’re based on relatively higher monetary sanctions, Jordan A. Thomas’s complaint in the U.S. District Court for the District of Columbia says. Thomas is “one of the most prominent whistleblower attorneys in …

 

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