(Reuters) – The US Securities and Exchange Commission will consider revising the latest changes to its whistleblower program made under former President Donald Trump, the market regulator's chairman said on Monday.
SEC President Gary Gensler said he has directed bureau staff to review amendments adopted in September that prevent the bureau from awarding awards to informants on issues involving other authorities or that could lead to smaller allocations.
Under former SEC Chairman Jay Clayton, the SEC amended the whistleblower program it established following the 2007-2009 global financial crisis. The program has been widely considered a success, providing $ 2.5 billion in penalties over the 2020 fiscal year. "Whistleblower program and clarify that the Commission will not lower an award because of its size," Gensler said in a statement.
In June, Gensler said the agency was reviewing other rule changes made during the previous administration. Catalog