Financial Crime Financial Crime

US whistleblower-award limitation challenged in lawsuit

By Robert Thomason
  • 13 Jan 2021 15:15
  • 13 Jan 2021 15:25
A recent US Securities and Exchange Commission decision that could limit many large whistleblower awards was challenged today in a lawsuit by a whistleblower attorney who says the new rule is arbitrary and capricious.

The suit was filed in opposition to an SEC rule, adopted on a 3-2 vote in September, that gave

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