Key Takeaways From the SEC’s Recent Amendments to Its Whistleblower Program Rules
On September 23, 2020, the Securities and Exchange Commission voted to amend its rules governing the Commission’s whistleblower program. The amendments, characterized principally as clarifications rather than material alterations to the existing rules, purportedly aim “to increase efficiencies around the review and processing of whistleblower award claims, and provide the Commission with additional tools to appropriately reward meritorious whistleblowers for their efforts and contributions to a successful matter.”