The Securities and Exchange Commission will decide whether to pass the final rules for the whistleblower incentives and protection program, as required under the Dodd-Frank Act, at its open meeting on May 25.

Under the proposed rule, the Commission would award a bounty to “eligible whistleblowers,” who provide regulators with original information about a federal securities violation at their firm and which leads to successful enforcement.The SEC already missed the deadline for approving this rule, which was April 21 (9 months from enactment.)

At the open meeting, the Commission will also consider proposing another rule under Dodd-Frank to disqualify securities offerings involving certain "felons and other 'bad actors'" from reliance on the safe harbor exemption.

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