Home Criminal Defense Is Record Whistleblower Award A Lavish Reward Or Major Screw Job?

Is Record Whistleblower Award A Lavish Reward Or Major Screw Job?

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The Securities and Exchange Commission’s Trump administration-long antipathy for the very idea of whistleblowing has softened fairly a bit under quarantine, however it has not utterly evaporated. Take one among Jay Clayton’s many last-minute efforts, a muddled rewriting of the award rules to, well, muddle them. Under these pointers, the actually large awards—these in extra of $5 million that the SEC so proudly proclaims in breathless press releases—don’t get the presumption of a 30% reduce that smaller payouts get. Instead, they get some additional evaluation of the “more deeply positive and negative factors.” And even when there aren’t any of the latter, there’s no promise that the turncoat, er, whistleblower will get all that after would have been coming to him.

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