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U.S. SEC says it adopted two amendments to its whistleblower program rules

Published 08/26/2022, 02:29 PM
Updated 08/26/2022, 02:52 PM
© Reuters. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly

(Reuters) - The U.S. Securities and Exchange Commission said on Friday it adopted two amendments to whistleblower program rules, including one that would expand the circumstances in which a whistleblower can receive an award.

© Reuters. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly

The other amendment "affirms the Commission's authority to consider the dollar amount of a potential award for the limited purpose of increasing an award but not to lower an award," the SEC said in a statement.

"Today's amendments enact two changes to help enhance the whistleblower program," SEC Chair Gary Gensler said in the statement.

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