This $800 million whistleblower program is losing its top cop - News Summed Up

This $800 million whistleblower program is losing its top cop


New York (CNN Business) The head of the Securities and Exchange Commission's highly-successful whistleblower program is stepping down at a delicate moment for the market watchdog. Jane Norberg, chief of the SEC's whistleblower office, is stepping down from the agency. Awards range between 10% and 30% of the fines imposed in SEC actions that result from whistleblower tips. 'There is no cop on the beat'Despite the success of the whistleblower program, the SEC's critics worry the agency isn't doing enough to catch financial criminals. Still, Kohn applauded Norberg for making the SEC's whistleblower office a "model" for the rest of the nation.


Source: CNN April 16, 2021 16:40 UTC



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