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U.K. Officials Recommend Against Whistleblower Bounties

Joe Mont | July 1, 2014

It appears less and less likely that the UK will follow the lead of U.S. regulators and offer rewards to whistleblowers when their tips initiate an enforcement action. A government response issued this week by the Department for Business Innovation and Skills, which follows a solicitation of public comments last summer, recommends against creating a similar bounty program.

In the U.S., Congress provided financial regulators, in particular the Securities and Exchange Commission, with...

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