Let the comments commence: Compliance professionals finally have the details of the Securities and Exchange Commission’s proposed rules to pay whistleblowers who report securities violations.
The proposals, detailed in a 181-page release published for comment Nov. 3, implement the Dodd-Frank mandate to set up a program to pay awards of up to 30 percent to eligible whistleblowers who voluntarily provide original information about potential securities law violations that lead to sanctions of $1 million or more.
