Foes may squeeze SEC funding, find ways to disqualify whistleblowers from sharing in financial settlements
2011-06-07 — iwatchnews.org
Corporate America isn't conceding defeat even after U.S. securities regulators passed new rules that will smooth the way for corporate whistleblowers to collect cash rewards for reporting financial frauds...
One potential tactic: Requiring all corporate employees to sign statements that say their job descriptions include reporting suspected fraud, a requirement that in many instances would disqualify them from sharing in financial settlements collected by the federal Securities and Exchange Commission.
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