Friday, August 28, 2015
Current Weather
Loading Current Weather....
Published: Friday, 5/27/2011

Whistleblower program rules approved by SEC


WASHINGTON — A divided U.S. Securities and Exchange Commission approved rules this week to create a $300 million whistle-blower program.

Supporters said it would help the agency crack down on wrongdoing, but opponents contend it would hamper the ability of companies to police themselves.

The rules included several changes from an initial proposal last year after passage of the Dodd-Frank regulatory law that provided for the program. One change included a potential bonus if employees first report suspected wrongdoing through their company’s compliance system.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories