Amid controversy surrounding proposed changes to the Securities and Exchange Commission’s whistleblower program, Chairman Jay Clayton continues to stress any adjustments won’t include a cap on awards.
The point was brought up again Tuesday during a hearing on the oversight of the SEC before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Sen. Sherrod Brown (D-Ohio), ranking member of the committee, asked Clayton point-blank to reiterate his commitment to not create a cap.
